JIOFIN – Expanded Flat? Wave C on Radar

Since the last analysis, price dipped to ₹270.35 (near 0.236 retracement), then bounced sharply to ₹284.70 — breaking the Wave 5 high.

This move confirms a Wave b rally that extends 159% of Wave a, a classic signature of an Expanded Flat correction.

What this means:

• Wave b has trapped breakout buyers.
  
• Expect Wave c next — likely a sharp decline below ₹270.35 to complete the correction.
  

RSI still shows divergence and momentum looks tired.

Watching for:

• ₹265–₹255 as potential Wave c landing zone.
  
• Reclaiming ₹285+ invalidates this short-term correction view.
  

Structure remains educational. Stay sharp.