Jio Financial Services Ltd. - Short Term Trade
Updated
Date: 18-Mar-2024
Rating: Buy - Short Term Trade
LTP: Rs. 352.55
Targets: Rs. 409
SL: Rs. 335
Technical View:
•
JIOFIN is in its primary uptrend since Oct-2023.
• After touching a life time high of 374 on 12-Mar-2024, it has retraced up to 15% to 318 level.
•JIOFIN has broke out from its secondary down trend on 18-Mar-2024.
• RSI is at 65.22 and MACD is at 18.80. Both are indicating good momentum and strength to move the price up.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy - Short Term Trade
LTP: Rs. 352.55
Targets: Rs. 409
SL: Rs. 335
Technical View:
•
JIOFIN is in its primary uptrend since Oct-2023.• After touching a life time high of 374 on 12-Mar-2024, it has retraced up to 15% to 318 level.
•
JIOFIN has broke out from its secondary down trend on 18-Mar-2024.• RSI is at 65.22 and MACD is at 18.80. Both are indicating good momentum and strength to move the price up.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Note
23-Apr-2024-----------------
JioFin made a new life time high of 394.70.
LTP: 387.95
10% up from suggested level.
Trade closed manually
06-May-2024---------------
Closing the call.
Broke down the secondary uptrend line. Also closed below 20 DMA and 21 DEMA.
LTP: 370.25
P&L: +5%
Disclaimer
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