Jio Financial has finally given the much awaited IPO breakout with a beautiful cup & handle pattern accompanied by strong volumes. With a strong business and parent company backing it up and also the fall of Paytm, this stock can be a great investment opportunity.
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Low volume pullback. Add some bit more. We'll size up our position completely when the counter shows more strength.
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Reversing from .618 Fib level
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The stock has held it's ground really well in the past few days market correction. The fall was on low volume with a bounce too. Do not enter full quantity yet, we need more confirmation for the same
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What a beautiful move, volumes are also supportive. One can increase exposure in this trade at current levels, or wait for some pullback too. Good for medium term after confirmation. Trailing SL should be placed at 260 now, keep riding.
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New ATH! The stock has now crossed and also closed above 300 which is a feat. The breakout has come about with a strong bullish pattern i.e. three white soldiers, coupled with good volume support. Expect solid bull strength in short term. You can move your trailing stop to 270 now.
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Stunning move by the counter. With today's candle it has achieved it's technical target of 340, but with such an astonishing move I'd like to hold the trade for even bigger targets. This won't be immediate as the stock needs to digest this move first. This trade has the potential to provide multibagger returns. For now, trail your stop to 290, making it a risk free trade.
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New ATH! Again a brilliant show of strength, even when the market is negative. The volumes also confirm that this is a potential multibagger.
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Good recovery, the counter just keeps moving up after every dip. There is little to no follow through on the downside, a perfect presentation of a strong stock. Keep holding it without any hesitation, the current trailing SL is at 300.