⚠️ Bearish Divergence Alert: Is Torrent Pharma Signaling a Short-Term Top?

📊 MACD Divergence Insight Despite the stock making higher highs near ₹3,675, the MACD is forming lower highs — a classic Bearish Divergence, indicating potential weakness in momentum. 📈 Price Action Observation The price is testing a rising trendline resistance, and the latest weekly candle shows rejection with a bearish wick, hinting at a possible short-term correction towards ₹3,300–₹3,200. 🔍 AVWAP Support Levels No immediate AVWAP support nearby, but structural support exists around ₹3,200, where earlier price consolidation happened. A breakdown below this may confirm the bearish setup. 📊 Fundamental Snapshot Leading player in domestic pharma formulations Margin pressures due to raw material costs, but long-term growth remains intact Near-term could face sectoral headwinds impacting price action 🧠 Learning Insight Bearish divergence is a powerful signal when price nears resistance with weakening MACD momentum. It helps traders stay cautious about potential reversals despite bullish price patterns. 📌 Save this for Divergence Pattern Learning 🔔 Follow for Real Market Setups & Learning Posts