🧬 Krsnaa Diagnostics Ltd. – Bullish RSI Divergence with Support Trendline Rebound

🔹 Price Action CMP: ₹832.30 (+0.89%) Krsnaa Diagnostics has been trading within a rising parallel channel, maintaining a healthy higher-high, higher-low structure since early 2023. The price recently bounced from the lower trendline support of this channel, coinciding with a bullish RSI divergence, suggesting renewed buying momentum from key demand zones. 🔹 Technical Observations Pattern: Broad rising channel with consistent support reactions along the lower boundary. Support Zone: The ₹760–₹780 area aligns with both horizontal and dynamic trendline support. RSI: Displays bullish divergence, with the indicator forming higher lows while price made equal or lower lows — a positive momentum shift. Volume: Recent sessions show healthy participation, adding conviction to the bounce. Moving Average (Blue Line): The 20-week EMA continues to act as a mid-channel pivot; price is stabilizing above it. Relative Strength Line: Recovering from recent weakness, hinting at improving sectoral performance. 🔹 Key Levels Immediate Resistance: ₹870–₹900. Major Resistance: ₹960–₹1,000 (upper band of channel). Immediate Support: ₹765. Major Support: ₹700. 🔹 Strength & Risk ✅ Price bouncing off trendline and horizontal confluence support. ✅ Bullish RSI divergence supports reversal probability. ✅ Improving relative strength and increasing volume add confidence. ❌ The ₹900–₹1,000 zone remains a key supply area. ❌ Sustained move below ₹760 would invalidate the current bullish bias. 🔹 Outlook Krsnaa Diagnostics appears to be in a constructive consolidation phase within a larger uptrend. The combination of bullish RSI divergence and trendline support rebound points to a potential medium-term recovery if price sustains above ₹760. 📢 Disclaimer: This is educational technical analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)