Antony Waste Handling – High-Volume Rebound With RSI Alignment at Key Support
AWHCL
Bounce From Structural Support
Price has reacted strongly from a long-term support zone near the lower channel, indicating demand presence at lower levels.
High Volume Participation
The recent bounce is accompanied by a visible volume expansion, suggesting active participation rather than a weak technical pullback.
RSI Well-Aligned With Price
RSI has turned up from lower levels and is moving in sync with price, reducing the risk of negative divergence in the short term.
Trend Structure Intact
Despite prior volatility, the broader rising structure remains valid as long as price holds above the major support band.
Context Going Forward
The setup reflects a technical rebound within a larger structure. Follow-through and stability above support will be important to sustain momentum.
📢 Disclaimer: For educational and technical analysis purposes only; not investment advice.
👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)