Long

Institutioal Accumulation Spotted in JAINREC

What stands out here is the contraction after a strong impulse move. Price has been compressing inside a symmetrical triangle, and the most important detail is the downside shakeout I’ve already marked.

That dip below the lower trendline failed immediately and price snapped back inside the structure. That’s classic weak-hand removal.

This is not distribution. This is time correction after momentum.

Institutions usually act when volatility contracts and supply dries up. That’s exactly what’s happening near the apex.

💡Entry: Above 420 on a closing basis

⚠️Stoploss: 395 (below the shakeout low and triangle support)

🎯Targets:

Target 1: 455
Target 2: 495

If it breaks and holds, this can expand fast because there’s very little supply overhead after 450.