✈️ Blue Jet Healthcare – Post-Divergence Correction Lands at Key Support
BLUEJET
After weeks of overheating, the stock has finally cooled. But now it's approaching an interesting zone...
🟡 1. Classic RSI Bearish Divergence
Price made higher highs while RSI made lower highs — textbook divergence.
Result? Sharp breakdown with a huge volume spike.
📉 2. Breakdown with Retest
Price sliced below the rising black trendline and is now hovering near yellow demand zone (₹732–₹779).
Also aligns with previous congestion & breakout retest area.
📊 3. RSI at Previous Support
RSI is testing horizontal support near 49–50, where previous reversals occurred.
Bounce here would be significant for short-term bulls.
⚠️ Short-Term Outlook
Bias: Neutral to bearish unless reclaim above ₹780
Support Zone: ₹732–₹681
Risk Watch: A close below ₹681 could invite panic unwinding
🧠 “This isn’t a ‘buy the dip’ zone blindly — it’s a watch the behaviour zone.”
📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned.
🧑💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332).
📄 Investments are subject to market risks. Read all related documents carefully before investing.