Current Price and Market Context
As of 4 February 2026, Go Digit General Insurance Ltd trades at ₹324.35, marking a modest intraday gain of 0.79% from the previous close of ₹321.80. The stock’s 52-week range spans from ₹264.80 to ₹380.70, indicating a significant volatility band of nearly 44%. Today’s trading session saw a high of ₹326.15 and a low of ₹320.00, underscoring a relatively narrow intraday range.
Technical Trend and Indicator Overview
MarketsMOJO’s technical assessment reveals a shift in the stock’s trend from outright bearish to mildly bearish on a weekly basis. This subtle change suggests that while downward pressure persists, some stabilisation or consolidation may be underway. The daily moving averages remain bearish, signalling that short-term momentum is still under pressure.
The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture: the weekly MACD remains bearish, indicating that the medium-term momentum is still negative, while the monthly MACD does not currently provide a clear signal. This divergence between timeframes suggests that longer-term investors may need to exercise patience before a definitive trend emerges.
The Relative Strength Index (RSI) on a weekly scale has turned bullish, reflecting a potential improvement in buying interest and momentum. However, the monthly RSI remains neutral with no clear signal, reinforcing the notion of a cautious medium-term outlook.
Bollinger Bands and KST Analysis
Bollinger Bands on both weekly and monthly charts are mildly bearish, indicating that the stock price is trading near the lower band, which often signals increased volatility and potential downside risk. The KST (Know Sure Thing) indicator on the weekly timeframe remains bearish, further supporting the view of subdued momentum in the near term.
Contrastingly, the Dow Theory weekly signal is mildly bullish, suggesting that some foundational support may be forming. This is complemented by the On-Balance Volume (OBV) indicator on the weekly chart, which is mildly bullish, hinting at accumulation by investors despite the prevailing bearish technical backdrop.
Comparative Returns and Market Performance
When compared with the broader Sensex index, Go Digit General Insurance Ltd has underperformed over recent periods. The stock posted a negative return of -1.67% over the past week versus a 2.30% gain in the Sensex. Over one month, the stock declined by 6.47%, significantly lagging the Sensex’s -2.36% return. Year-to-date, the stock is down 5.79%, while the Sensex has fallen by 1.74%.
On a longer horizon, the stock has marginally outperformed the Sensex over the past year with a 9.23% gain compared to the index’s 8.49%. However, over three, five, and ten-year periods, Go Digit’s returns are not available for direct comparison, while the Sensex has delivered robust cumulative gains of 37.63%, 66.63%, and 245.70% respectively.
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MarketsMOJO Rating and Quality Grades
MarketsMOJO recently downgraded Go Digit General Insurance Ltd from a Hold to a Sell rating on 8 January 2026, reflecting a deterioration in the stock’s technical and fundamental outlook. The company’s Mojo Score stands at 48.0, which is below the neutral 50 mark, signalling weak momentum and quality metrics. The Market Cap Grade is rated 3, indicating a mid-tier market capitalisation relative to peers in the insurance sector.
This downgrade is consistent with the mixed technical signals observed, where short-term indicators remain bearish while some weekly momentum indicators show tentative bullish signs. Investors should weigh these factors carefully, particularly given the stock’s recent underperformance relative to the broader market.
Technical Indicator Deep Dive
The daily moving averages, which include the 50-day and 200-day simple moving averages, continue to slope downward, confirming the prevailing bearish trend. The stock price remains below these averages, a classic sign of sustained selling pressure. The weekly RSI’s bullish signal, however, suggests that the stock may be approaching oversold territory, potentially setting the stage for a short-term rebound or consolidation phase.
The weekly MACD histogram remains negative, with the MACD line below the signal line, reinforcing the bearish momentum. The absence of a monthly MACD signal indicates that longer-term momentum is currently neutral, neither strongly bullish nor bearish. This divergence between weekly and monthly indicators highlights the importance of timeframe in technical analysis for this stock.
Bollinger Bands’ mild bearishness on both weekly and monthly charts suggests that volatility remains elevated, and the stock is trading near the lower band. This technical setup often precedes a volatility contraction or a reversal, but confirmation is required from other indicators.
Volume and Price Action Insights
The On-Balance Volume (OBV) indicator’s mildly bullish weekly reading points to a subtle accumulation phase, where buying volume is beginning to outpace selling volume. This is a positive sign that some investors are positioning for a potential recovery. However, the lack of a monthly OBV trend tempers enthusiasm, indicating that this accumulation is not yet confirmed over longer periods.
Price momentum, as measured by the Know Sure Thing (KST) indicator, remains bearish on the weekly chart, suggesting that despite some volume-based optimism, price action has yet to decisively turn upward. The mildly bullish Dow Theory weekly signal adds nuance, implying that the stock may be forming a base or bottoming pattern, but this remains tentative.
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Investor Takeaway and Outlook
Go Digit General Insurance Ltd’s technical landscape is characterised by a cautious balance between bearish momentum and emerging bullish signals. The downgrade to a Sell rating by MarketsMOJO reflects concerns over the stock’s ability to sustain upward momentum in the near term. Investors should note the stock’s underperformance relative to the Sensex over recent weeks and months, which may indicate sector-specific or company-specific headwinds.
However, the weekly RSI and OBV indicators suggest that some buying interest is returning, potentially signalling a stabilisation phase. The mixed signals from MACD, Bollinger Bands, and KST highlight the importance of monitoring multiple timeframes and indicators before making decisive investment decisions.
Given the current technical profile, investors with a higher risk tolerance might consider selective accumulation on dips, while more conservative market participants may prefer to await clearer confirmation of trend reversal or improvement in fundamental metrics.
Overall, Go Digit General Insurance Ltd remains a stock to watch closely, with technical momentum shifts signalling a possible turning point but not yet a definitive recovery.
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