GODREJAGRO - Technical Analysis

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

Technical Rating: 4.0

Here’s a detailed technical breakdown of Godrej Agrovet Ltd. (GODREJAGRO) based on current indicators and price action

📊 Trend Overview

Current Trend: Bullish, with signs of short-term consolidation.

Price Action: Trading near its 52-week high (₹876), indicating strong momentum.

Chart Pattern: Forming a flag & pole structure on the monthly chart, suggesting continuation if breakout occurs

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📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 787 Bullish (Price above)

200 DMA 749 Bullish (Price above)

Price is well above both DMAs, confirming long-term bullish momentum.

EMAs also show upward slope, supporting continuation

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📉 Momentum Indicators

Indicator Value Interpretation

RSI 66.7 Bullish, nearing overbought zone

MACD 18.0 Positive crossover – momentum intact

Volume 3.4L Below average – suggests momentum cooling

RSI is strong but not extreme.

MACD remains positive, supporting bullish continuation

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📊 Bollinger Bands

Price likely near the upper band, indicating overextension.

A pullback toward the middle band (~₹820–₹830) could offer a better entry

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📌 Support & Resistance Zones

Level Price (₹)

Major Support 787–800

Minor Support 820–830

Resistance 876 (recent high), 900–920 (next breakout zone)

Trendline support aligns near ₹820.

Breakout above ₹876 could trigger rally toward ₹900+

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🎯 Entry & Exit Zones

Optimal Entry: ₹820–₹830 (on pullback to support)

Exit Zone: ₹875–₹900 (near resistance or if RSI rises above 70)

🔄 Trend Status

Trending: Yes – bullish, but short-term consolidation likely.

Watch for volume confirmation and RSI > 70 for breakout strength.

Would you like me to chart out a Fibonacci retracement or help build a swing trade setup based on this range? I can also track breakout levels for you.

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