Jubilant Ingrevia Ltd – Strong Breakout & Trend Reversal

The stock has shown a decisive breakout after a prolonged downtrend, indicating a shift in trend with strong bullish momentum. 🔎 Technical Observations: • Prior downtrend with consistent lower highs & lower lows • Base formation followed by sharp breakout • Formation of higher highs & higher lows (trend reversal) • Strong bullish candles supported by volume spike • Momentum indicators entering strong bullish zone 🔑 Key Levels to Watch: • Immediate Support: ₹700 – ₹670 • Major Support: ₹630 – ₹595 • Immediate Resistance: ₹740 – ₹760 🚀 Upside Targets: • ₹780 • ₹820 • ₹860+ 📉 Risk Scenario: Breakdown below ₹670 may weaken the bullish structure and lead to downside towards ₹630 📈 Trading View: 👉 Stock has confirmed trend reversal with strong buying interest 👉 Sustained move above ₹760 can trigger further upside momentum ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊