Easy Trip Planners Ltd (Weekly Chart) — Channel Breakout With Momentum Shift

🧭 Structure & Trend • Price has been moving inside a prolonged falling channel, indicating a controlled downtrend phase. • Recent strong bullish candle attempts to break above the upper boundary of the channel, signalling a potential trend transition if follow-through sustains. 📈 Volume & OBV Behaviour • Noticeable spike in volume near the breakout zone suggests renewed participation. • OBV shows a gradual flattening followed by an uptick — a classic early accumulation signal where smart money may be positioning before price expansion. ⚡ RSI Momentum • RSI has formed bullish divergence against lower price lows, indicating weakening downside momentum. • Sharp RSI expansion toward the 60+ zone reflects improving strength after a long consolidation phase. 🎯 Key Levels From Chart • ₹9.50: Immediate breakout zone / short-term resistance being tested. • ₹8.05 – ₹7.50: Near-term support band aligned with prior consolidation. • ₹6.21: Structural base support visible on the weekly timeframe. 🧩 Interpretation • Breakout + OBV strength + RSI divergence together create a momentum-shift setup rather than just a random bounce. • However, since price is emerging from a prolonged downtrend, confirmation through sustained closes above resistance remains crucial — early breakouts often test patience before trends truly change. 📢 Educational analysis only — not a recommendation. 👤 Rajneesh Sharma | SEBI Registered Research Analyst (INH000020332)