Jindal Saw Ltd – High-Volume Bounce Inside Falling Channel

Weekly Chart Insight Price has shown a strong bounce from lower levels with high volume, hinting at improving participation. However, the stock is still trading within a falling channel, indicating the broader trend hasn’t flipped fully bullish yet. 📉 Structure & Key Levels Price remains below the upper boundary of the declining channel Immediate resistance near ₹195–₹200, followed by a stronger hurdle around ₹245–₹250 Supports seen near ₹155–₹160, which acted as the recent demand zone 📊 Momentum Check RSI bullish divergence suggests selling pressure is weakening RSI still needs more strength to enter a clearly bullish zone for confirmation 🧠 Overall View Early reversal signals are visible via volume + RSI divergence, but a breakout above the falling channel with follow-through volume is the key trigger for trend-change confirmation. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)