Positional Setup for JIOFIN (Jio Financial Services Ltd) – 1D Ch

🟢 Current Market Price: ₹246.47
🟢 Change Today: +1.73%

📈 Technical Observations:
The stock is showing signs of reversal from its recent bottom around ₹204–₹214.

It has broken out above multiple resistance zones in the ₹232–₹246 range, showing strength.

A breakout above ₹248–₹255 will confirm a short-term trend reversal.

Next supply zones lie around ₹266, ₹277 and ₹306.

✅ Positional Trade Setup
🎯 Entry Zones:
✅ Current Levels: ₹245–₹248

✅ Add More: On close above ₹255 (for confirmation)

📌 Targets:
🎯 Target 1: ₹266

🎯 Target 2: ₹277

🎯 Target 3: ₹305–₹310

📉 Stop-Loss:
🔻 SL: ₹232 (below support cluster & recent breakout zone)

⏳ Time Horizon:
3–6 weeks (for initial targets)

🧠 Technical Confluence:
The stock is forming a rounding base pattern after a sharp fall — often a sign of trend change.

Strong support seen at ₹232 & ₹214 — accumulation zone.

Close above ₹255 will take it into higher zones with strong potential.