Sona BLW Precision Forgings Ltd – Bullish RSI Divergence in Play, But Resistance Still Holds

The chart shows a bullish RSI divergence: while price formed lower lows earlier, RSI bottomed out and trended higher, hinting at weakening bearish momentum. A multi-month downtrend line has been broken, and price is now hovering around the ₹493–₹511 resistance area. A small pullback or pause could occur here, especially as price approaches the prior supply zone of ₹532–₹545. 📈 Momentum & Volume Notes RSI is currently around 53–54, showing a positive structure but also facing short-term resistance. Recent price action suggests consolidation near breakout, potentially forming a base if volume sustains. No clear volume surge yet, indicating that follow-through strength is required to clear upper resistance convincingly. 💡 Conclusion Technical momentum is improving with a strong RSI structure and breakout attempt, but overhead resistance levels remain critical for any sustained upside. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)