JIOFIN | Cup & Handle | Daily

572

### 🏦 \JIOFIN (Jio Financial Services) – Cup & Handle Breakout

🔍 **Pattern:** Cup & Handle
📈 **Breakout Level:** ₹306.50
🎯 **Target:** ₹324.05 (+5.6%) | Extended target: ₹347.35
📉 **Stop-loss suggestion:** Below ₹282.85
📊 **Volume:** Strong surge confirms breakout
🔁 **Structure:** Cup → Handle → Breakout
🧠 **Context:** Recovery after consolidation from 52-week high

🧾 **Insights:**

* Major cup formed post-downtrend with deep consolidation near ₹200
* Breakout from smaller handle within larger bullish structure
* Volume spike validates the bullish intent
* Multiple higher lows with strong buyer participation

📌 **Bias:** Bullish above ₹306.50

> Textbook breakout with volume confirmation. Watch for retest near ₹306–₹308 as buying opportunity.

\#JioFinancial #NSE #TechnicalAnalysis #BreakoutTrading #CupAndHandle #StocksToWatch


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