Puravankara Ltd – Bullish RSI Divergence with Volume Expansion Amidst Range Consolidation

🧭 Trend & Price Structure Price has been in a broad descending channel but is now attempting to stabilize near the lower band of the range. A bullish RSI divergence is clearly visible — while price retested recent lows, RSI formed higher lows. The stock is now trading near a cluster of resistance between ₹277 and ₹300 after rebounding from the ₹230 zone. 📊 Indicators & Momentum RSI has crossed above 50 for the first time in weeks, indicating improving internal strength. Recent volume spikes align with upward price movement, suggesting accumulation interest. The stock has reclaimed the 30-week SMA, adding weight to the technical turnaround attempt. 🧩 Setup Summary With improving momentum and structural stability, the chart reflects a base-building phase with encouraging volume and RSI patterns — though overhead resistance remains active. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)