***** – Bullish RSI Divergence With Volume Spike Near Long-Term Support

1. Strong Long-Term Support Zone Holding Price continues to respect the multi-year support band between ₹480–₹505, highlighted by repeated successful tests. The latest bounce occurs exactly from this demand area, confirming strong buyers' presence. 2. Bullish RSI Divergence Developing While price made equal-to-lower lows recently, RSI made higher lows, a classic bullish divergence suggesting downside momentum is weakening. RSI has also pushed above 50, showing early signs of strength returning. 3. Volume Spike Near Support A significant volume surge has appeared right at the support zone — often an early accumulation signal. This combination of divergence + volume makes the support reaction more reliable. 4. Compression Under Falling Trendline Price is still trapped under a long-term falling trendline, forming a tight compression zone. A breakout above the falling trendline is needed to trigger a meaningful trend reversal. This area will act as the first structural resistance. 5. Structure Showing Early Positives Strong horizontal support holding RSI and price diverging positively Volume spike at demand Selling pressure reducing Price forming a base These elements indicate late-stage selling exhaustion and early accumulation signs. Overall View The chart shows early bullish reversal characteristics, supported by RSI divergence and volume action. However, a breakout above the falling trendline is the crucial trigger needed to confirm trend reversal and open higher targets. Until the breakout happens, the stock may continue to consolidate inside this contracting range. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)