Jio Financial – Breakout Base Forming | Momentum Rebuilding

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Structure

Price forming a clean ascending triangle with horizontal resistance near ₹285–289.

Higher lows forming consistently → accumulation behaviour visible.


Trend & Momentum

Trading above 21 EMA and 200 EMA, trend supportive.

RSI holding above 55, bull-range intact.

MACD flattening & attempting a positive crossover.


Volume

Contraction during consolidation → typical pre-breakout behaviour.


Key Levels

Breakout Trigger: Close above ₹289

Supports: ₹270 → ₹263

Invalidation: Close below ₹263


Bias

Bullish above breakout zone

Monitoring for volume expansion and strong close.

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