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Rajneesh Sharma CFTe

26th Jul 2025 · SEBI-Registered Analyst

✈️ 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.

#TechnicalViews#HiddenGems#WatchOutFor
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