Jupiter Wagons Ltd – High Volume Reversal with Bullish RSI Divergence Near Key Fibonacci Levels

🧭 Technical Chart Overview (Weekly) Price action shows a sharp bounce from the 0.236 Fibonacci retracement zone (~₹371), rejecting deeper correction levels. The move has pushed price above the 30-week SMA, indicating a possible change in intermediate trend sentiment. A falling trendline resistance was tested and broken with a surge in volume, highlighting strong participation. 📈 Momentum Indicators RSI has formed a bullish divergence — despite lower price lows earlier, RSI held a higher base and now climbs above 50. The stock is showing early signs of trend reversal with rising momentum and improving structure. Volume in the breakout week was exceptionally high, adding conviction to the move. 🧩 Structural Note With strong buying near Fibonacci support, rising RSI, and a breakout above the SMA, the setup suggests recovery potential — though immediate resistance lies near the ₹384–₹400 zone. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)