📈 Allied Digital Services – Breakout Attempt, Bullish RSI Divergence, Recovery Setup

🔹 Price Action CMP: ₹194 (+17.22%) – strong weekly surge. Price rebounded from ₹172 support zone. Attempting breakout from falling trendline, moving towards ₹200–₹227 resistance. 🔹 Technical Observations Bullish RSI Divergence: Price made lower lows while RSI made higher lows → early reversal signal. Trendline Breakout: Downtrend resistance line challenged with strong move. Resistance: ₹200 (immediate) and ₹227 (major supply). Support: ₹172 (recent bottom). 🔹 Indicators RSI ~54: Moving up from oversold, momentum turning positive. Volume: Noticeable surge – supports accumulation. Pattern: Rounded base forming → recovery phase. 🔹 Key Levels Immediate Resistance: ₹200 → ₹227. Immediate Support: ₹180. Major Support: ₹172. 🔹 Outlook Short Term: Likely to test ₹200–₹227 resistance. Medium Term: Sustained close above ₹227 → opens path to ₹260–₹280. Risk: Failure at ₹200 may cause retest of ₹172. 📌 Strategy Traders: Momentum entry above ₹200 with SL below ₹172. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).