☕ Jai Corp Ltd. – Cup Formation in Progress, Recovery Underway

🔹 Price Action Closed at ₹172.86 (+7.99%), continuing its recovery trend. Price has bounced strongly from the ₹150–₹160 support zone. Chart pattern shows a Cup-like structure forming, hinting at a base-building phase. 🔹 Technical Observations Bullish RSI Divergence: RSI is making higher lows while price bottomed → early strength. Massive Volume Spike this week confirms institutional interest. Price is recovering after a prolonged downtrend, showing signs of trend reversal. 🔹 Key Levels Support: ₹150 → ₹135 (recent strong base). Resistance: ₹200 → ₹230 (next supply zone, neckline of the cup). Sustaining above ₹230 can confirm multi-month breakout with target towards ₹280–₹320. 🔹 Indicators RSI ~64 – bullish zone, yet not overbought. Rising Trendline Support intact on RSI. Volume expansion supports accumulation. 🔹 Strength & Risk ✅ Cup base formation, long-term bullish pattern. ✅ RSI divergence + volume = strong reversal signs. ❌ Resistance at ₹200–₹230 needs to be cleared. ❌ If it fails to sustain above ₹150, momentum may fade. 🔹 Outlook Short Term: Range between ₹150–₹200. Medium Term: Breakout above ₹230 → target ₹280–₹320. Strategy: Watch for consolidation near ₹200–₹230 zone; accumulation possible above ₹160 with stop-loss at ₹135. 📢 Disclaimer: Educational analysis only, not financial advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).