GODREJIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 2.9

📈 Technical Analysis

• 📉 Chart Pattern: GODREJIND is showing signs of a reversal from its recent highs, forming lower highs and lower lows.
• 📉 Moving Averages: Price is hovering between the 50-DMA (1,139 ₹) and 200-DMA (1,125 ₹), indicating indecision with a slight bearish tilt.
• 📉 RSI (45.9): Neutral zone, suggesting lack of strong momentum in either direction.
• 📉 MACD (-18.0): Negative crossover, confirming bearish momentum.
• 📉 Bollinger Bands: Price near mid-to-lower band, indicating consolidation with downside risk.
• 📉 Volume Trend: Current volume (1.09L) is significantly below 1-week average (2.34L), reflecting weak participation and low conviction.

📍 Entry & Exit Zones

• ✅ Entry Zone: 1,100 ₹ – 1,120 ₹ (near 200-DMA and recent support)
• 🚪 Exit Zone: 1,180 ₹ – 1,200 ₹ (resistance from 50-DMA and psychological level)

📊 Trend Status

• 🔄 Current Trend: Consolidating with bearish bias
• ⚠️ Bias: Bearish unless RSI crosses 50 and MACD flattens

✅ Positive

• Price is holding above 200-DMA, offering long-term technical support.
• DII holding increased by 0.23%, indicating some domestic institutional confidence.
• Quarterly loss narrowed from -68.3 Cr. to -30 Cr., showing improvement.

⚠️ Limitation

• Extremely high P/E (698) and PEG (3.72) suggest severe overvaluation.
• MACD and RSI both reflect weak momentum.
• Volume significantly below average — lack of strong buying interest.

📉 Company Negative News

• FII holding dropped by 0.54%, indicating reduced foreign investor confidence.
• Quarterly PAT remains negative, with a 128% decline in profit variation.

📈 Company Positive News

• Losses have narrowed quarter-over-quarter, showing signs of operational recovery.

🏭 Industry

• Conglomerate sector performance is mixed, often influenced by broader macroeconomic trends.
• GODREJIND trades far above industry PE (698 vs 25.4), indicating speculative valuation or earnings distortion.

🧾 Conclusion

• GODREJIND is consolidating with bearish technical indicators and valuation concerns.
• Short-term traders may consider entries near 1,100 ₹ and exits near 1,200 ₹.
• Long-term investors should be cautious and monitor earnings turnaround and volume recovery before considering exposure.