Here is the **technical analysis** for **JIO FIN SERVICES LTD (NSE)** based on your chart:
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### 📊 **Technical Analysis – JIO FIN SERVICES LTD**
**Pattern Identified:** Cup and Handle
**Breakout Level:** ₹262.85
**Target Price:** ₹324.05
**Current Market Price:** ₹281.75
**Potential Upside:**15% from current levels
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### ✅ **Bullish Signals:**
* **Cup and Handle Formation:** A textbook bullish continuation pattern signaling accumulation followed by a breakout.
* **Breakout Confirmation:** Price has broken above the resistance zone (₹262.85) with strength and follow-through buying.
* **Volume Confirmation:** Breakout was accompanied by higher-than-average volume, reinforcing the validity of the pattern.
* **Measured Move Target:** Based on the cup depth (₹61), the projected target is ₹324.05.
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### 📌 **Key Levels:**
* **Immediate Resistance:** ₹324.05 (target zone)
* **Support Zones:**
* ₹262.85 (handle breakout support)
* ₹201.57 (previous swing low, base of cup)
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### 📈 **Conclusion:**
JIO FIN SERVICES is displaying strong bullish momentum after confirming a **Cup and Handle** breakout. As long as the price holds above ₹262.85, the stock may trend toward ₹324+. A retest of the breakout zone can be a good opportunity to accumulate.
---
---
### 📊 **Technical Analysis – JIO FIN SERVICES LTD**
**Pattern Identified:** Cup and Handle
**Breakout Level:** ₹262.85
**Target Price:** ₹324.05
**Current Market Price:** ₹281.75
**Potential Upside:**15% from current levels
---
### ✅ **Bullish Signals:**
* **Cup and Handle Formation:** A textbook bullish continuation pattern signaling accumulation followed by a breakout.
* **Breakout Confirmation:** Price has broken above the resistance zone (₹262.85) with strength and follow-through buying.
* **Volume Confirmation:** Breakout was accompanied by higher-than-average volume, reinforcing the validity of the pattern.
* **Measured Move Target:** Based on the cup depth (₹61), the projected target is ₹324.05.
---
### 📌 **Key Levels:**
* **Immediate Resistance:** ₹324.05 (target zone)
* **Support Zones:**
* ₹262.85 (handle breakout support)
* ₹201.57 (previous swing low, base of cup)
---
### 📈 **Conclusion:**
JIO FIN SERVICES is displaying strong bullish momentum after confirming a **Cup and Handle** breakout. As long as the price holds above ₹262.85, the stock may trend toward ₹324+. A retest of the breakout zone can be a good opportunity to accumulate.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.