🧪 Divi’s Labs – Strong Rally Meets RSI Exhaustion

📈 Technical Snapshot Price is hitting fresh highs near ₹6,970. But RSI is showing bearish divergence – higher price, lower RSI. This setup often signals short-term exhaustion. ⚠️ Risk Radar RSI is around 70 — historically an overbought zone. Price may cool off or consolidate before next leg. Watch for breakdown below ₹6,800 for initial weakness. 🔍 What to Track If RSI fails to reclaim highs while price stays flat → momentum fade. Bulls need strong volume and follow-through to negate divergence. A minor dip could offer a re-entry near trendline/5,000 zone. 📢 Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully.