InfoBeans Technologies – Strong Trend Reversal With Higher Lows & Momentum Revival

1. Clean Breakout From Long-Term Falling Trendline The stock has decisively broken above the multi-year falling trendline (red), signaling the end of a prolonged corrective phase. This breakout was supported by strong bullish candles. Structure has shifted from lower highs → higher highs, a key trend reversal trait. 2. Strong Higher-Low Structure Emerging A clear higher-low pattern is developing (green trendline). This reflects renewed buying interest. Market participants are accumulating on dips rather than exiting. 3. Price Reclaiming Key Horizontal Levels The stock has reclaimed the major zone around 550, which previously acted as supply. Sustaining above this level adds strength to the bullish scenario. Next major resistance seen around 705–803 based on historical supply. 4. RSI Momentum Turning Positive RSI has crossed above the 60 zone — a classic sign of strengthening momentum in weekly timeframes. The RSI trend has shifted from sideways to upward. No bearish divergence visible at the moment. 5. Volume Expansion Validates Breakout Recent weeks have seen noticeable volume spikes, confirming genuine participation behind the move. Volume tends to precede price — and this supports the continuation of the trend. 6. Overall Structure Turning Bullish The combination of: ✔ Trendline breakout ✔ Higher lows ✔ Strong volume ✔ RSI above 60 ✔ Price reclaiming major zones …indicates a robust trend reversal with the potential for medium-term continuation. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)