GODIGIT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.7

📊 Chart Patterns & Trend: GODIGIT is trading slightly below its 50 DMA (351 ₹) but above the 200 DMA (343 ₹), showing mixed signals. Support lies around 340–345 ₹, while resistance is seen near 355–360 ₹. The stock is consolidating with mild bearish bias due to weak momentum indicators.

📈 Moving Averages: Current price (345 ₹) is below the 50 DMA but above the 200 DMA, suggesting short-term weakness but long-term support.

📉 RSI: At 42.2, RSI suggests neutral-to-weak momentum, leaning toward oversold territory.

📉 MACD: Negative (-2.73) reflects bearish momentum, signaling caution until a crossover occurs.

📊 Bollinger Bands: Price is near the mid-to-lower band, indicating consolidation with limited volatility.

📊 Volume Trends: Current volume (1.32 lakh) is below the 1-week average (2.09 lakh), showing reduced participation and weak momentum.

🎯 Entry Zone: 340–345 ₹ (near support and 200 DMA)

🎯 Exit Zone: 355–360 ₹ (near resistance and upper band)

Positive

• EPS at 5.50 ₹ reflects steady profitability.
• FII holdings increased by 0.20%, showing foreign investor confidence.
• Quarterly profit variation at 51.6% highlights strong earnings growth.
• Debt-to-equity ratio at 0.08 ensures financial stability.

Limitation

• High P/E ratio (62.7) compared to industry average (42.8) suggests overvaluation.
• Dividend yield at 0.00% provides no income appeal.
• ROCE (10.8%) and ROE (11.9%) are modest, showing average capital efficiency.
• Weak trading volume reduces short-term momentum signals.

Company Negative News

• DII holdings decreased by 0.26%, showing reduced domestic institutional confidence.
• Quarterly PAT declined slightly from 138 Cr. to 136 Cr., reflecting earnings stagnation.

Company Positive News

• FII inflows (+0.20%) reflect foreign investor support.
• Strong quarterly profit variation (+51.6%) highlights growth momentum.
• 52-week performance index at 68.8% shows resilience compared to broader market.

Industry

• Industry P/E at 42.8 indicates sector is moderately valued compared to GODIGIT’s higher valuation.
• Insurance and fintech sector demand expected to remain strong with digital adoption and rising coverage needs.

Conclusion

⚖️ GODIGIT is in a consolidation phase with mild bearish bias. Entry near 340–345 ₹ offers favorable risk-reward, while exits around 355–360 ₹ are optimal. Watch for MACD crossover and volume recovery to confirm breakout momentum. Strong fundamentals and FII support provide stability despite valuation concerns and weak short-term signals.