JIOFIN - DONT BE A BLIND BULL YET
Firstly, my positional view is BULLISH on this counter. Please refer to my earlier posts on the same script (link copied at the end of this post)..
My emphasis is on Entry at a favorable risk reward price point.
There is a overhead resistance (falling trendline from the top) at 350 levels... Wait for the breakout to confirm the trend reversal.
Also, there is an unfilled GAP at 320 levels..
Ideally, I would expect the price to make a double bottom structure (retest of the 2-4 trendline from Oct'23 lows before the next big impulse move on the upside..
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
My emphasis is on Entry at a favorable risk reward price point.
There is a overhead resistance (falling trendline from the top) at 350 levels... Wait for the breakout to confirm the trend reversal.
Also, there is an unfilled GAP at 320 levels..
Ideally, I would expect the price to make a double bottom structure (retest of the 2-4 trendline from Oct'23 lows before the next big impulse move on the upside..
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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