GODREJIND - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.8

Here’s a detailed technical analysis of Godrej Industries Ltd (GODREJIND)

📈 Trend Analysis

Current Price (₹1,216) is above both 50-DMA (₹1,200) and 200-DMA (₹1,127) — indicating a mild bullish bias.

52-week Index at 72.0% suggests the stock is trading in the upper-middle range of its yearly band (₹764–₹1,392), showing partial recovery from highs.

Trend Status: Consolidating, with a slight upward tilt.

🔍 Momentum Indicators

RSI (52.0): In the neutral zone, indicating balanced momentum — neither overbought nor oversold.

MACD (6.74): Positive — suggests bullish crossover, but momentum is modest.

Volume: At 71.6K, below 1-week average (1.13L) — reflects low conviction and possible sideways movement.

📊 Chart Patterns & Moving Averages

Price is hovering above key moving averages, showing potential for continuation if volume improves.

Support Levels

₹1,200 (50-DMA)

₹1,127 (200-DMA)

₹1,050 (recent swing low)

Resistance Levels

₹1,250–₹1,280 (minor resistance zone)

₹1,320–₹1,350 (gap zone)

₹1,392 (52-week high)

📉 Bollinger Bands

Price is near the middle band, with bands narrowing — a sign of volatility contraction.

Watch for volume breakout and MACD acceleration to confirm directional move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 1,180–1,200 Near 50-DMA and support zone

Exit (Short-Term) 1,280–1,350 Resistance zone, potential reversal

Stop Loss 1,127 Below 200-DMA and trendline

🧭 Summary

Trend: Consolidating with mild bullish bias

Momentum: Stable but weak

Volatility: Low, with breakout potential

Ideal Strategy: Accumulate near ₹1,180–₹1,200 with target ₹1,280–₹1,350. Watch for RSI crossing 55+ and MACD strengthening for confirmation.

Let me know if you'd like to compare this setup with other holding companies or explore high-PE stocks with turnaround potential.

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