Jio Financial – Breakout Base Forming | Momentum Rebuilding
Structure
Price forming a clean ascending triangle with horizontal resistance near ₹285–289.
Higher lows forming consistently → accumulation behaviour visible.
Trend & Momentum
Trading above 21 EMA and 200 EMA, trend supportive.
RSI holding above 55, bull-range intact.
MACD flattening & attempting a positive crossover.
Volume
Contraction during consolidation → typical pre-breakout behaviour.
Key Levels
Breakout Trigger: Close above ₹289
Supports: ₹270 → ₹263
Invalidation: Close below ₹263
Bias
Bullish above breakout zone
Monitoring for volume expansion and strong close.
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Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.