Godfrey Phillips India Ltd – Bearish Momentum Intensifies as Price Falls Toward Key Support Zone

The stock has witnessed a sharp 18.93% drop, accompanied by the highest weekly volume in months, indicating aggressive selling pressure. Price has broken below the 30-week SMA and breached the ₹2535 support, now approaching the key support zone between ₹2200–₹2055. A bearish RSI divergence preceded this decline — while price made higher highs, RSI failed to confirm strength. 📈 Momentum Indicators RSI has entered the oversold zone (~33) for the first time in months, showing weakness in trend strength. MACD is sharply declining with widening histogram bars, reinforcing the bearish bias. Price is nearing the rising trendline from past higher lows, where a reaction could occur. 🧩 Summary The chart reflects strong bearish momentum with high-volume breakdown. Focus now shifts to the ₹2200–2055 support zone for any technical pause or base-building attempts. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)