Daily Chart Analysis on

JIOFIN

Jio Financial – Technical Analysis (Daily Timeframe) Price Action •The stock is currently trading near ₹309–310, showing consolidation after a recent decline from the ₹335–340 zone. •Multiple attempts to hold above the 20-day EMA (green line) have failed, indicating short-term weakness. •Price is hovering close to the 50-day EMA (blue line), which is a crucial support zone. A breakdown could extend weakness further. Moving Averages •20-day EMA (short-term) – Turning downward, showing selling pressure. •50-day EMA – Acting as immediate support. •00-day & 200-day EMA (black & golden lines) – Trending upwards, showing medium-to-long term structure is intact. Indicators •Parabolic SAR (dots above candles) – Suggests ongoing bearish pressure as dots are consistently above recent candles. •MACD – Negative crossover persists, histogram remains in red, signaling weakness in momentum. •RSI (14) – Around 38–39, in the lower range, indicating the stock is nearing the oversold zone but not yet in reversal territory. Support & Resistance Levels •Immediate Support: ₹305–308 (50 EMA zone). •Strong Support: ₹295–298 (psychological & near 200 EMA). •Resistance: ₹318–322 (20 EMA & recent rejection zone), followed by ₹335–340 (swing high). Summary •Short Term View: Weak to neutral bias as the stock is consolidating near support; a break below ₹305 could lead to further downside towards ₹295. •Medium Term View: Still constructive as long as the stock sustains above the 200 EMA (~₹285–290 zone). •Trigger for Upside: A sustained move above ₹322 will shift momentum bullish, targeting ₹335–340 again.