OnMobile – Trendline Break Attempt With Strength From RSI & OBV

1. Bounce From 30-Week SMA Price has taken a clean bounce from the 30-week SMA, indicating medium-term support has held. This is the first meaningful upward reaction after a prolonged downtrend. 2. Falling Trendline Being Tested The long-term falling trendline (red) is now under pressure as price attempts to break above it. A weekly close above the trendline would be a stronger confirmation of momentum shift. 3. RSI Bullish Divergence RSI has formed a positive divergence while price made lower lows earlier — a classic early reversal signal. RSI has also moved above the 50 zone, showing improving relative strength. 4. OBV Trending Up OBV shows a steady higher-low structure, indicating accumulation even while price was struggling. This supports the possibility of sustained upside if price confirms the breakout. 5. Structure Turning Constructive Higher low formation Bounce from key SMA Momentum indicators improving Accumulation visible Overall, the chart shows early bullish reversal signs, but trendline breakout confirmation is the key level to watch next. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)