📡 Quadrant Future Tek Ltd – Bounce with RSI Bullish Divergence

🔹 Price Action The stock surged +12.35% today to close around ₹428.55, staging a strong bounce from support levels near ₹380. This rebound came after a prolonged downtrend, signaling a possible trend reversal attempt. 🔹 Technical View Support Zone: ₹380 – 400 Resistance Levels: ₹465 (immediate), ₹500+ (next) Indicators: RSI Bullish Divergence → Price made lower lows, but RSI made higher lows, signaling underlying momentum buildup. Volume Spike → Highest in recent sessions, confirming buying interest. Stock has broken out of a falling trendline resistance, improving sentiment. 🔹 Strength & Weakness ✅ Strong bounce with volume confirmation → indicates accumulation. ✅ RSI turning up sharply → bullish momentum returning. ⚠️ Needs a sustained close above ₹465 to confirm trend reversal. ⚠️ Falling back below ₹400 could negate the bullish setup. 🔹 Outlook If momentum continues, price can test ₹465 – 500 in the short term. Sustained move above ₹500 could open a stronger rally. On the downside, ₹380 remains crucial support. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.