Best Agrolife – Bullish RSI Divergence Near Long-Term Trendline Retest

1. Long Downtrend Still Intact but Weakening Price has been trapped under a major falling trendline since late 2022. Recent candles show compression, indicating the downtrend is losing strength. 2. Strong Bullish RSI Divergence While price made equal-to-lower lows, RSI has been forming higher lows (orange trendline). This signals momentum reversal beneath the surface, even before price reflects it. 3. Higher Lows on Price = Early Structural Improvement Price is gradually making higher lows, creating a short-term ascending base against the major trendline. This is a classic reversal setup, especially when aligned with bullish RSI divergence. 4. Volume Expansion Adds Credibility A meaningful volume spike this week suggests renewed buyer interest at lower levels. 5. Key Horizontal Levels to Track ₹298 remains the primary support zone that has held multiple times. ₹511 is the first major resistance, also aligning with the falling trendline. 📌 Summary View Best Agrolife is showing early signs of a potential turnaround: Bullish RSI divergence Formation of higher lows Strong volume Approach toward a major trendline retest A constructive chart to watch closely as momentum starts shifting. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)