Jio Financial Services Ltd - Breakout Opportunity
Date: 30-Jul-2025
LTP: Rs. 320.30
Targets: (T1) Rs. 368 --> (T2) Rs. 394 --> (T3) Rs. 437
SL: Rs. 282
Technical View:
•
JIOFIN was going through primary downtrend since Apr 2024. From it's lifetime high of 394.70 in Apr 2024, it has retraced 50% to 198.65 in Mar 2025.
• From Apr 2025,JIOFIN has started moving in secondary uptrend within its primary downtrend and had given a breakout from its primary downtrend on 26-Jun-2025 with higher than average volume.
• on 28-Jul-2025,JIOFIN has re-tested the downtrend line and bounced back closing above 20 DEMA.
•JIOFIN is currently trading above 20 DEMA and 50 DEMA.
• MACD is trading at 2.38 and RSI is trading at 56.18.
• Looking good to continue the current momentum.
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LTP: Rs. 320.30
Targets: (T1) Rs. 368 --> (T2) Rs. 394 --> (T3) Rs. 437
SL: Rs. 282
Technical View:
•
JIOFIN was going through primary downtrend since Apr 2024. From it's lifetime high of 394.70 in Apr 2024, it has retraced 50% to 198.65 in Mar 2025.• From Apr 2025,
JIOFIN has started moving in secondary uptrend within its primary downtrend and had given a breakout from its primary downtrend on 26-Jun-2025 with higher than average volume.• on 28-Jul-2025,
JIOFIN has re-tested the downtrend line and bounced back closing above 20 DEMA.•
JIOFIN is currently trading above 20 DEMA and 50 DEMA. • MACD is trading at 2.38 and RSI is trading at 56.18.
• Looking good to continue the current momentum.
If you have liked this analysis, please Boost/Like this idea and follow my ID for more ideas.
Trade active
See how the price actions have been unfolded......Support is yet not broken.....A new Uptrend Channel has been formed. Take a note of revised levels.R1: 368.00, R2: 394.00, R3: 410.00
Support: 282.70
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.