📈 Veedol Corp Ltd. – Bullish RSI Divergence Amid Falling Wedge Setup

Veedol Corp is displaying early signs of trend exhaustion within a falling wedge pattern, supported by a bullish RSI divergence. Price action remains compressed between the descending red resistance line and rising green trendline support, suggesting a potential reversal zone near current levels. 🔹 Technical Overview Pattern: Falling Wedge / Symmetrical Compression Resistance: ₹1,900–₹2,000 (trendline + horizontal resistance) Support: ₹1,605–₹1,580 (trendline + structural base) RSI: Showing bullish divergence — higher lows on RSI vs lower lows on price, signaling waning bearish momentum. Volume: Gradual decline during pullback — typical for a consolidation before a possible rebound. OBV: Stable, indicating no heavy distribution pressure. 🔹 Interpretation ⚙️ The bullish RSI divergence reinforces the potential for a near-term reversal if price holds above ₹1,600. ⚙️ A decisive breakout above ₹1,900 would confirm a pattern reversal, targeting ₹2,150–₹2,250 zone. ⚠️ Sustained weakness below ₹1,580 could negate the setup and lead to a deeper correction toward ₹1,450. 🟢 View Veedol Corp remains in a technical compression zone, with early bullish cues emerging from RSI divergence and trendline support. A breakout above ₹1,900 with volume would mark renewed upward momentum. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)