📉 Jupiter Wagons Ltd. – Consolidation, Support Test, RSI Weakness

🔹 Price Action CMP: ₹336 (-0.99%) – consolidating in a narrow weekly range. Price trading inside a Darvas-like box between ₹285 – ₹411. Downtrend line from peak still intact, capping upside. 🔹 Technical Observations Consolidation: Price moving sideways after a steep fall, absorbing supply. Support Zone: Holding above ₹314–₹285, long-term trendline support nearby. Resistance: ₹360–₹411 remains strong supply zone. RSI Behavior: RSI stuck in 40–50 band → showing lack of momentum. 🔹 Key Levels Immediate Resistance: ₹360 → ₹411. Immediate Support: ₹314. Major Support: ₹285. 🔹 Indicators RSI ~43–44: Weak, yet not oversold → sideways bias. Volume: Spikes seen on declines; rallies lack strength. Trend: Neutral-bearish until ₹411 breakout. 🔹 Strength & Risk ✅ Long-term support around ₹285–₹300. ❌ Persistent downtrend line rejection. ❌ RSI in weak consolidation zone. 🔹 Outlook Short Term: Likely rangebound between ₹314–₹360. Medium Term: Sustained close above ₹411 → trend reversal possible. Risk: Breakdown below ₹285 → opens downside to ₹250–240. 📌 Strategy Traders: Avoid aggressive longs until ₹360–₹411 breakout. Investors: Watch ₹285–₹300 zone for accumulation with strict SL. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).