GODIGIT - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.2

Here’s a comprehensive technical breakdown of Go Digit General Insurance Ltd (GODIGIT)

📈 Trend Overview

Current Price: ₹365 is above both the 50 DMA (₹344) and 200 DMA (₹327), indicating a strong bullish trend.

Trend Status: The stock is trending upward, with signs of momentum continuation after a recent breakout.

📊 Momentum Indicators

RSI (59.8): Approaching overbought zone, but still in bullish territory. Suggests positive momentum.

MACD (6.01): Positive and rising, confirming bullish crossover and strength in trend.

Volume: Current volume (9L) is below the 1-week average (41.8L), indicating low participation—watch for volume confirmation on breakout.

📈 Moving Averages

Indicator Value Signal

50 DMA ₹344 Price above – Bullish

200 DMA ₹327 Price well above – Strong Bullish

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 ₹344 50 DMA – strong support

Support 2 ₹327 200 DMA – long-term support

Resistance 1 ₹380 Minor resistance from recent highs

Resistance 2 ₹408 52-week high – major resistance zone

📍 Entry & Exit Zones

Optimal Entry: ₹344–₹355 (on pullback with rising volume and MACD support)

Exit Target: ₹380–₹408 (if RSI crosses 65 and volume spikes)

📊 Bollinger Bands Insight

Price is likely near the upper band, suggesting momentum strength but also mild overextension.

Bands are expanding, indicating volatility and breakout potential.

🔍 Chart Pattern Insight

Price action shows higher highs and higher lows, confirming an uptrend.

No bearish reversal patterns detected.

Watch for flag or pennant continuation patterns near ₹365–₹380.

🧭 Summary

Technical Bias: Bullish

Momentum: Positive and strengthening

Trend: Trending upward

Suggested Strategy: Buy on dips near support with tight stop-loss. Ideal for trend-following or momentum-based swing trades.

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