JIO Financial Services Ltd (JIOFIN) - Bullish Breakout on Daily
1. Bullish Breakout: The stock is attempting a breakout near the level of ₹356.65, indicating potential upward momentum.
2. Immediate Resistance Levels:
- Resistance at ₹376.05: The stock needs to surpass this level to confirm further bullish movement.
- Resistance at ₹394.25: The next critical resistance level is around ₹400, where the stock may face some selling pressure.
3. RSI Indicator: The RSI stands at 58.52, showing strength but not yet in overbought territory, which signals room for further upward movement.
4. Volume: Current trading volume is 13.663M, indicating decent market participation in the ongoing price action.
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