JIOFIN

- Dips to IPO consolidation, More downside?

The

shares are dipping and corrected more than 40% in current market bearish trend Interestingly, the stock has gap down today amid growth concerns and declining market share and competition Secondly the stock is going to witness further consolidation We have drawn two rectangle pattern - one which was formed when it got listed and after a consolidation in pattern gave a breakout and today it has entered into same zone. We expect further consolidation and weakness in Rjio.