New Delhi, Feb. 5 -- Jio Financial Services share price surged over 3% on Wednesday, extending its rally for the second straight day amid heavy volumes. Jio Financial Services shares rallied as much as 3.75% to Rs.254.25 apiece on the BSE.

This week, Jio Financial Services shares have jumped nearly 6% after falling 18% in one month and dropping more than 21% in three months.

Jio Financial Services shares have witnessed a significant 41% correction from its peak of approximately Rs.394. Technical charts suggest the Jio Finance stock is bottoming and showing signs of potential reversal.

"Jio Financial Services stock is showing signs of bottoming near a strong previous support level. Additionally, a bullish RSI divergence is visible on th...