📈 Hemisphere Properties – Breakout Attempt with Volume & RSI Divergence

🔹 Price Action The stock closed at ₹167.73 (+26.46%), marking a sharp rally after months of consolidation. Price has broken out of a falling trendline resistance, supported by a big surge in volumes – a strong sign of renewed buying interest. 🔹 Technical View Support Levels: ₹147 → ₹124 Resistance Levels: ₹177 → ₹200+ Indicators: RSI bullish divergence → momentum has reversed upward. RSI has crossed above 60, confirming strength. Price has bounced from long-term support and broken past immediate resistances. Strong volume confirms genuine breakout attempt. 🔹 Strength & Weakness ✅ Bullish RSI divergence confirms momentum reversal. ✅ Big green candle with heavy volumes – institutional participation likely. ✅ Long-term trendline support has held strong. ⚠️ ₹177–₹200 remains a critical supply zone. ⚠️ Sustaining above ₹147 support is key to maintaining momentum. 🔹 Outlook If price sustains above ₹177, next targets could be ₹200–₹220 in the medium term. On the downside, any pullback towards ₹147–₹124 may act as a buying opportunity. A strong base is being formed, which could lead to a trend reversal setup. 📢 Disclaimer: This is only for educational and informational purposes, not investment advice. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Stock market investments are subject to risks. Please do your own research before investing.