GODIGIT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.9

📈 GODIGIT is trending upward with moderate momentum. Entry near 350–355 ₹ and exit near 375–380 ₹ may suit short-term swing trades.

📈 Technical Analysis

• 📈 Chart Pattern: GODIGIT is forming higher lows and consolidating near its recent high of 381 ₹, indicating bullish continuation.
• 📈 Moving Averages: Price is above both 50-DMA (355 ₹) and 200-DMA (340 ₹), confirming bullish momentum.
• 📈 RSI (52.7): Slightly bullish, suggesting moderate strength without being overbought.
• 📈 MACD (1.78): Positive crossover, indicating upward momentum.
• 📉 Bollinger Bands: Price near upper band, suggesting breakout potential but also volatility.
• 📉 Volume Trend: Current volume (8.56L) is below 1-week average (13.10L), indicating reduced participation — a cautionary signal.

📍 Entry & Exit Zones

• ✅ Entry Zone: 350 ₹ – 355 ₹ (near 50-DMA and support zone)
• 🚪 Exit Zone: 375 ₹ – 380 ₹ (resistance from recent highs)

📊 Trend Status

• 📈 Current Trend: Trending upward
• ⚠️ Bias: Bullish with caution due to low volume

✅ Positive

• Price above key moving averages supports bullish structure.
• FII holding increased by 0.20%, indicating foreign investor confidence.
• Quarterly PAT remains strong at 136 Cr. with 51.6% profit variation.

⚠️ Limitation

• Volume below average — momentum may not be fully supported.
• High P/E (65.9) and PEG (1.30) suggest premium valuation.
• MACD signal is mild — momentum needs confirmation.

📉 Company Negative News

• DII holding dropped by 0.26%, indicating reduced domestic institutional interest.

📈 Company Positive News

• Stable earnings and increased FII interest support sentiment.

🏭 Industry

• General insurance sector remains competitive with digital innovation and rising coverage demand.
• GODIGIT trades above industry PE (65.9 vs 45.0), reflecting high growth expectations.

🧾 Conclusion

• GODIGIT is trending upward with bullish technical indicators and strong fundamentals.
• Short-term traders may consider entries near 355 ₹ and exits near 380 ₹.
• Long-term investors should monitor volume and valuation before adding exposure.

Sources: TopStockResearch GODIGIT Technicals

TSR

, DailyBulls Analysis

tick.dailybulls.in

, StockAnalysis Chart

Stock Analysis

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