GODREJPROP - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis for GODREJPROP
Technical Rating: 2.6
📉 Trend Overview
Current Price: ₹2,155 is below both the 50 DMA (₹2,284) and 200 DMA (₹2,357), indicating a downtrend.
RSI (36.9): Near the oversold zone, suggesting weak momentum but potential for a short-term bounce.
MACD (-27.6): Deeply negative, confirming bearish momentum.
Volume: Current volume (7.5L) is below average (9.4L), showing low participation and lack of conviction.
📈 Chart Patterns & Indicators
Moving Averages
Price trading below key DMAs → Bearish bias
No bullish crossover observed
Bollinger Bands
Price near lower band → Oversold territory, potential for mean reversion
Support Levels
Strong support near ₹1,870 (recent low)
Next support: ₹1,800 (psychological level)
Resistance Levels
Immediate resistance: ₹2,284 (50 DMA)
Major resistance: ₹2,357 (200 DMA)
Long-term resistance: ₹2,520–₹2,600 (previous consolidation zone)
🚦 Momentum Signals
Short-Term: Weak momentum, but RSI suggests possible bounce from oversold levels
Medium-Term: Bearish trend intact unless price reclaims 50 DMA
Volume Trend: Declining volume → No strong accumulation
🎯 Entry & Exit Zones
Action Price Zone (₹) Rationale
Entry (Aggressive) 1,880–1,920 Near support, oversold RSI
Entry (Conservative) Above 2,284 Confirmation of trend reversal
Exit (Short-Term) 2,280–2,300 Resistance zone, near 50 DMA
Exit (Medium-Term) 2,520–2,600 Major resistance, trendline cap
🔄 Market Phase
Status: Reversing from downtrend to potential consolidation
Bias: Bearish with early signs of stabilization
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