GODREJPROP - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.6

Here’s a detailed technical analysis of Godrej Properties Ltd (GODREJPROP)

📈 Trend Analysis

Current Price (₹2,090) is slightly above the 50-DMA (₹2,081) but below the 200-DMA (₹2,256) — indicating a weak recovery within a broader downtrend.

52-week Index at 14.4% shows the stock is trading near its yearly low (₹1,870), far from the high of ₹3,400 — a sign of deep correction.

Trend Status: Reversing, with early signs of stabilization.

🔍 Momentum Indicators

RSI (58.3): In the neutral-to-bullish zone, suggesting moderate strength and potential for further upside.

MACD (-6.16): Still negative — indicates bearish divergence, though flattening suggests possible reversal.

Volume: At 4.92L, slightly below 1-week average (5.35L) — reflects low conviction, typical of a base-building phase.

📊 Chart Patterns & Moving Averages

Price is hovering near the 50-DMA, attempting to reclaim trend strength.

Support Levels

₹2,050 (recent swing low)

₹1,870 (52-week low)

Resistance Levels

₹2,256 (200-DMA)

₹2,400–₹2,500 (gap zone and psychological resistance)

📉 Bollinger Bands

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

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

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 2,050–2,090 Near support and 50-DMA

Exit (Short-Term) 2,250–2,400 Resistance zone, potential reversal

Stop Loss 1,870 Below 52-week low and key support

🧭 Summary

Trend: Reversing with mild bullish bias

Momentum: Stabilizing, but not yet strong

Volatility: Low, with breakout potential

Strategy: Accumulate near ₹2,050–₹2,090 with target ₹2,250–₹2,400. Watch for MACD crossover and RSI above 60 for confirmation.

Let me know if you'd like to compare this setup with other real estate or high-PE growth stocks.

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