Solid trade idea for Jai Balaji Industries Ltd (NSE: JAIBALAJI)

Chart Summary 📊 (as of April 2, 2025)
Current Price: ₹139.77
Support Zone: ₹132–₹134 (marked in red on your chart)
Resistance Zone: ₹150–₹155 (immediate), then ₹175+
RSI: 49.05 — Neutral, poised for either reversal or consolidation breakout
Structure: Sideways consolidation after a strong downtrend; forming a potential base

Trade Idea 🛠️: Positional Swing Trade (Risk-Reward Based)
Buy Zone ₹138 – ₹141
Stop Loss ₹133.70 (as per chart)
Target 1 ₹155
Target 2 ₹175
Target 3 ₹223 (as per chart idea)
Risk-Reward ~1:3 (excellent)

Why This Setup Looks Good ? 🎯
✅ Price holding above key support (~₹134) for several sessions
✅ RSI is stabilizing near 50 — ideal for pre-breakout build-up
✅ Volume remains in check — accumulation possible
✅ Reward-to-risk ratio is favorable if SL holds

🔔 Trigger for Entry

1. You can enter gradually in the ₹138–₹141 zone
   
2. Watch for a break above ₹143–₹145 with volume → confirms breakout
   
3. Avoid trade if price closes below ₹133 with red candle and volume