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Let's dive into the 3-hour candlestick chart for Jio Financial Services (JIOFIN), a fintech company focused on digital financial services.
Here are some key insights based on the 3-hour chart:
Current Trend: JIOFIN has been trading in a strong uptrend over the past few hours, with a sharp increase in price.
Resistance and Support: The stock has a strong resistance level at around ₹440-450 and support level at around ₹400-410.
Bollinger Bands: The Bollinger Bands are expanding, indicating increased volatility in the stock.
Momentum: The RSI (Relative Strength Index) is above 70, indicating that the stock is in an overbought zone.