"JIO FINANCIAL - डिजिटल धन का भविष्य, जियो उपयोगकर्ता का विश्वास!
Detailed Technical Analysis
Daily chart displays textbook oversold reversal pattern post-2-day 8% correction from ₹245 resistance, featuring high-volume bullish hammer/doji combo precisely at ₹223 strong demand zone (prior swing low + 61.8% Fib retracement). Multi-timeframe analysis confirms: 5/10-SMA death cross ₹231 (bearish), price below 20-SMA ₹235/50-SMA ₹250 channel midline, yet 200-SMA ₹220 holds as final support. RSI(14) 41 neutral-bullish divergence vs price lows, Stochastic %K 28 oversold crossover, MACD line +0.14 bullish above signal with histogram green flip, Williams %R -72 extreme oversold. VWAP ₹228 flipped resistance, OBV volume surge confirmation. Pivot levels: Classic PP ₹231.2, R1 ₹234.1/R2 ₹236.3/R3 ₹239.2, S1 ₹229.0/S2 ₹226.1/S3 ₹224.0. Ichimoku cloud red bearish above price, Kijun-sen ₹232 dynamic resistance. Short-term target R1 ₹234 (3% upside), medium-term ₹250 50-SMA breakout (12%), long-term ₹280 prior highs (25%) on channel top confirmation.
