GODREJIND - Technical Analysis

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

Technical Rating: 3.2

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

📊 Trend Overview

Current Trend: Bearish to Consolidating

Price Action: Trading below 50 DMA (₹1,171) and hovering near 200 DMA (₹1,095) — a critical zone that could act as support or trigger further downside.

Chart Pattern: Signs of a rounded top and possible distribution phase. Recent candles show lower highs and weak closes.

📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 1,171 Bearish (Price below)

200 DMA 1,095 Neutral (Price near)

Price is below 50 DMA and barely above 200 DMA — trend weakening.

Sustained move below ₹1,095 could confirm trend reversal.

📉 Momentum Indicators

Indicator Value Interpretation

RSI 37.7 Bearish – oversold zone approaching

MACD -22.6 Negative crossover – bearish momentum

Volume 1.6L Above average – distribution likely

RSI below 40 suggests lack of buying strength.

MACD in deep negative territory confirms downward pressure.

📊 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 1,080–1,095

Minor Support 1,110–1,120

Resistance 1,150–1,170 (near 50 DMA), 1,200–1,220

Trendline support aligns near ₹1,095.

Resistance at ₹1,170 must be cleared for bullish reversal.

🎯 Entry & Exit Zones

Optimal Entry: ₹1,080–₹1,100 (if support holds and RSI rebounds)

Exit Zone: ₹1,150–₹1,170 (if price recovers with volume)

🔄 Trend Status

Reversing to Consolidating: 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 ₹1,095 support breaks? I can also track breakout levels for a swing setup.

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