Godrej Monthly Technical 26 May 2025 by Choice Broking Ltd
Buy GODREJIND @ 1187 with a target of 1361 and a stop loss at 1100
GODREJIND is showing strong bullish potential on the weekly chart, forming an inverted Head and Shoulders pattern that signals a potential trend reversal. The breakout is supported by rising volumes, adding conviction to the setup. A sustained move above Rs 1200 will likely confirm the breakout, paving the way for further upside. The stock is trading comfortably above its 20, 50, 100, and 200 EMAs, highlighting strength across all timeframes.
Momentum indicators are also supportive of this bullish structure. The Weekly RSI stands at 58.6, rebounding sharply from earlier lows, indicating a shift in sentiment from bearish to bullish. This reinforces the possibility of a sustained uptrend as momentum builds. The overall structure suggests the stock is transitioning from consolidation to a breakout phase.
Traders may consider a buy-on-dips strategy around the Rs 1170 support zone, which could offer a low-risk entry point. For risk management, a positional stop-loss can be placed at Rs 1100. On the upside, if the breakout sustains, the stock is well-positioned to retest and potentially surpass Rs 1361, offering a favorable risk-reward ratio for positional traders.
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