Jio Financial || Long
Chart has formed Cup and handle pattern on daily time frame with crucial resistance at 360 which it has tested several times before it can go up if it manages to break this.
Stock is trading at support of its 20 EMA and 100 EMA at 336. if it falls below this then next support will be at 319.
RSI and MACD both are in bullish zone.
Considering the above mentioned details we can go long for the target of 400 and stop loss of 336.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Stock is trading at support of its 20 EMA and 100 EMA at 336. if it falls below this then next support will be at 319.
RSI and MACD both are in bullish zone.
Considering the above mentioned details we can go long for the target of 400 and stop loss of 336.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Disclaimer
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