Support Breakdown Excepted in JIOFIN

Aug 28

The idea shown in this TradingView chart is a strategy based on a support breakdown in Jio Financial Services Limited (JIOFIN), coupled with a position in its associated put option for further downside protection and potential profit.

Support Breakdown Concept
The left side of the chart highlights a horizontal support level that has been tested multiple times and subsequently broken by the recent price action.

A support breakdown typically signals bearish sentiment; traders expect further decline after such a technical event.

This setup is classified as a short or sell signal for JIOFIN shares as long as price remains below the broken support.

Put Option Reaction
On the right, the chart shows JIOFIN’s 315 European Style Put Option expiring in September 2025.

The put option price has surged (up 31.68%) in response to the underlying stock’s breakdown, reflecting increased demand for downside protection and speculative profit.

Options traders might buy puts to profit from further decline or hedge against losses in the underlying stock.

Trading View Idea Summary
JIOFIN’s support breakdown signals potential further downside in the stock.

The associated put option sees buying interest, aligning with bearish expectations.

This is a classic technical-plus-derivatives strategy often used in active trading: combine chart-based signals with options to amplify or hedge results.

Sep 1

Trade active

Target done