🧪 Vimta Labs – Price Rising, RSI Falling? A Classic Divergence Setup

⚠️ 1. Price Making New Highs... But RSI Isn’t While price has broken above its previous swing high (~₹585), RSI continues to trend lower – a classic bearish divergence. This suggests momentum is weakening despite price strength. 📊 2. Rising Wedge + Volume Spike Price is trading near the upper boundary of a long-term rising channel and recently formed a steep rising wedge pattern. Volume has jumped on this breakout — but without RSI confirmation, caution is key. 🧭 3. Short-Term View – Watch for Reversal Signs If RSI fails to reclaim 65+ soon and price starts closing below ₹560, expect short-term selling pressure. Immediate support: ₹530 Breakdown trigger: ₹485 RSI bounce zone: 53–55 📌 “Strong moves without strong momentum often reverse just as fast. Divergence = early warning, not panic.” 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.