VIP Industries Ltd – Bounce from Long-Term Trendline with Bullish RSI Divergence

📉 Chart Perspective (Weekly) Price action reflects weekly exhaustion on the downside, with support taken exactly at the long-term ascending trendline extending from 2016. A sharp rebound has now brought the price above the 30-week SMA, which is a critical pivot level. The downward sloping resistance line (from the ₹720 highs) remains unbroken but is under pressure. 📈 Momentum & Strength RSI shows a bullish divergence, where momentum improved even as price made a lower low earlier in the year. Current RSI reading is above 54, indicating positive momentum has returned after months of weakness. Volume on the latest weekly move is elevated, strengthening the case for potential trend reversal if follow-through sustains. 🧩 Key Watch Sustaining price above the 30-week moving average and holding above the trendline support will be crucial in the coming weeks. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)