Jio Financial, Voltas Gain Strength On Charts, But SEBI RA Advises Caution Near Resistance Zones

​Voltas and Jio Financial Services are under the spotlight after recent price movements showed signs of strengthening trend structures. SEBI-registered analyst Rajneesh Sharma is bullish on both stocks but warns of likely profit booking near supply zones. 

Voltas

On Voltas, he observed that it is displaying bullish divergences on lower timeframes, with the price starting to form higher lows, indicating that strength is returning to the stock. 

The immediate technical challenge lies in the ₹1,450–₹1,600 range, a well-established supply zone where past rallies have repeatedly stalled. 

Sharma said the structure remains positive but warned that the zone may cause hesitation or a short-term pullback. 

“A strong close above ₹1,600 will likely open the next leg toward ₹1,750+,” he noted, while maintaining a bullish bias with near-term caution.

Shares of Voltas have declined 27.3% so far this year.

Jio Financial Services 

On Jio Financial Services, Sharma pointed to a strong reversal trend, with price action showing a weekly breakout from a falling trendline. 

The stock is currently supported around ₹315–₹320 and faces resistance near ₹335–₹346. 

The relative strength index (RSI) has risen sharply and is nearing the overbought zone around 70. 

Sharma said that partial profit booking near ₹335–₹345 would be prudent as price enters the supply zone, but added that any sustained close above ₹346 would keep the bullish momentum intact.

Last week, Jio BlackRock Broking, a 50:50 joint venture between Jio Financial Services and BlackRock, received final approval from SEBI to operate as a stockbroker and clearing member.

Jio Financial Services’ stock has risen 8.3% so far this year.

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