GODREJCP - Technical Analysis

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

Technical Rating: 3.5

Here’s a full technical breakdown of Godrej Consumer Products Ltd. (GODREJCP) based on current indicators and price action

📊 Trend Overview

Current Trend: Weakening Uptrend, possibly entering short-term reversal.

Price Action: Trading below 50 DMA (₹1,226) and near 200 DMA (₹1,212) — a critical zone that could act as support or trigger further downside.

Chart Pattern: Signs of a rounded top or distribution phase; recent candles show indecision and lower highs.

📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 1,226 Bearish (Price below)

200 DMA 1,212 Neutral (Price near)

Price hovering near 200 DMA — a make-or-break level.

Sustained move below ₹1,200 could confirm trend reversal.

📉 Momentum Indicators

Indicator Value Interpretation

RSI 42.1 Bearish – weak momentum

MACD 0.02 Flat – no clear signal

Volume 9.81L Above average – distribution likely

RSI below 45 suggests lack of buying strength.

MACD near zero indicates neutral momentum.

📊 Bollinger Bands

Price likely near the lower band, indicating oversold conditions.

Could see a technical bounce, but trend remains weak unless supported by volume.

📌 Support & Resistance Zones

Level Price (₹)

Major Support 1,180–1,200

Minor Support 1,210–1,215

Resistance 1,250–1,270, 1,300–1,320

Trendline support aligns near ₹1,200.

Resistance at ₹1,250 must be cleared for bullish reversal.

🎯 Entry & Exit Zones

Optimal Entry: ₹1,180–₹1,200 (if support holds and RSI rebounds)

Exit Zone: ₹1,250–₹1,270 (if price recovers with volume)

🔄 Trend Status

Consolidating to Reversing: Weak momentum and price below key averages suggest short-term bearish bias.

Watch for MACD crossover and RSI > 50 for trend reversal confirmation.

Would you like me to chart a Fibonacci retracement or help build a reversal strategy if the ₹1,200 support breaks? I can also track breakout levels for a swing setup.

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