GODREJAGRO - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.4

Here’s a detailed technical breakdown of Godrej Agrovet Ltd (GODREJAGRO)

📉 Trend Analysis

Current Price (₹726) is below both 50-DMA (₹761) and 200-DMA (₹752) — signaling a bearish setup.

52-week Index at 32.6% shows the stock is trading in the lower third of its yearly range (₹654–₹876), indicating weak recovery and potential downside risk.

Trend Status: Reversing downward, with no clear signs of stabilization.

🔍 Momentum Indicators

RSI (36.1): In the oversold zone, suggesting potential for a technical bounce, but not yet confirmed.

MACD (-12.5): Deeply negative — confirms bearish divergence and short-term weakness.

Volume: At 98K, significantly below 1-week average (2.27L) — reflects low participation and lack of buying conviction.

📊 Chart Patterns & Moving Averages

Price is trading below key moving averages, reinforcing bearish sentiment.

Support Levels

₹700 (psychological support)

₹654 (52-week low)

Resistance Levels

₹752 (200-DMA)

₹761 (50-DMA)

₹800–₹820 (gap zone and swing resistance)

📉 Bollinger Bands

Price is near the lower band, indicating oversold conditions.

Bands are expanding, suggesting volatility and potential for sharp moves.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 700–715 Near support zone and lower band

Exit (Short-Term) 750–780 Resistance zone, potential reversal

Stop Loss 654 Below 52-week low and key support

🧭 Summary

Trend: Reversing downward

Momentum: Bearish, nearing oversold

Volatility: High, with bounce potential

Strategy: Cautious accumulation near ₹700–₹715 with target ₹750–₹780. Wait for MACD flattening and RSI rebound above 45 for confirmation.

Would you like to explore similar setups in the agri-business or FMCG space for diversification?

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