📈 Jai Corp Ltd – Bullish Divergence with Reversal Signs

🔹 Price Action Jai Corp closed at ₹167.91 (+39.81%), showing one of its strongest weekly moves in recent times. The stock has bounced sharply from its multi-year support zone near ₹100–110, signaling a possible trend reversal. 🔹 Technical View Support Levels: ₹132 → ₹110 Resistance Levels: ₹175 → ₹210 Indicators: RSI bullish divergence confirmed → momentum recovering from oversold territory. Volumes surged massively, indicating institutional buying interest. Price has broken above a falling channel resistance, pointing to strength. 🔹 Strength & Weakness ✅ Strong bullish divergence on RSI. ✅ Heavy volume confirms reversal possibility. ✅ Major supports defended successfully. ⚠️ Stock faces ₹175–₹210 resistance zone, where past supply was heavy. ⚠️ Sustained momentum needed for trend reversal confirmation. 🔹 Outlook If the stock sustains above ₹175, it could rally towards ₹210+. A breakout above ₹210 may open the door for ₹250–₹280 in the medium term. On the downside, ₹132–₹110 remains strong support. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.