📊 Sindhu Trade Links Ltd. – RSI Divergence at New Highs

🔍 Key Technical Observations: Strong Uptrend: The stock has made a sharp rally and broken above its previous trendline resistance. RSI Bearish Divergence: Price made a higher high, but RSI made a lower high → indicating potential momentum loss. Current RSI: 79.59 → Overbought territory. Short-Term Risk: Despite the breakout, RSI divergence may lead to a near-term pullback or consolidation. Watch for reversal signs if price struggles to hold above ₹34. Support Levels: Immediate support near the broken trendline around ₹30. Further support around ₹26–₹28 zone. Volume Insight: Volume supports the breakout but exhaustion signs could emerge if divergence persists. 👉 Summary: Bullish momentum is intact but RSI divergence calls for caution. Pullbacks toward ₹30 can offer re-entry opportunities if the uptrend holds. 📢 Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully.