Antony Waste Handling Cell Ltd – RSI Divergence with Trendline Test

Price has rebounded sharply from the ₹430–440 support zone with strong volume expansion, indicating renewed buying interest. Despite the bounce, price is now approaching a falling resistance trendline along with the 30-week SMA, creating a near-term supply hurdle around ₹550–560. 📈 Momentum & Volume Signals RSI shows bullish divergence, suggesting weakening downside momentum and a potential reversal attempt. RSI is improving but still needs sustained strength (preferably above the mid-range) to confirm follow-through. Recent volume spike supports the bounce, but continuation volume will be crucial near resistance. 🧭 Key Takeaway Structure favors a recovery attempt, but confirmation depends on price holding above the 30-week SMA and clearing the descending trendline with volume. Failure to do so could keep the stock range-bound with volatility near resistance. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)