Date : 18-Mar-2024
Rating : Buy - Short Term Trade
LTP : Rs. 352.55
Targets: Rs. 409
SL : Rs. 335
Technical View:
• NSE: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.
• NSE:JIOFIN has broke out from its secondary down trend on 18-Mar-2024.
• RSI is at...
📈 Stock Name - Jio Financial Services Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 385.
🚨Disclaimer: This is not a Buy or Sell...
NSE:JIOFIN
Long Position on Jio Financial Services Ltd
Best Buy : 280+
Stop Loss : Below 255
Targets; 310/360/400/440+++++
About:
Jio Financial Services Ltd, a subsidiary of Reliance Industries Limited (RIL), has been rapidly expanding its footprint in the financial services sector, leveraging the extensive customer base of Jio Platforms. With...
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.
Note : Publishing this 2nd idea on NSE:JIOFIN in continuation to my 1st one (link given below), to provide analysis with updated chart and targets.
Suggested on : 23-Nov-2023
Rating : Buy (Mid Term as well as Long Term Opportunity)
LTP on 23-Nov-2023 : Rs. 221.90
Targets Achieved : (1) Rs. 233 --> (2) Rs. 266 --> (3) 288 --> (4) 295 --> (5) 318
Next...
This is the analysis of JIOFIN in Daily Time Frame. Watch carefully. The chart explains itself.
In DTF JIOFIN formed Cup & Handle Pattern. JIOFIN closed above the green up line of Suraranjan Trading Band indicator but facing resistance at immediate level. If it breaks and sustains above the level, good for the stock.
There are some prediction levels. These Levels...
Support level at 267. at this level you can add small quantity here. target of all time high.
Stop Loss would be 262.10
Reason behind this:
Due to paytm downfall it perform very well. May not be replace the paytm but a good quantity user was added already. Also management response to there share holder also for grow .
📊 DETAILS
Sector: Finance - Others
Mkt Cap: 172,142 cr
JFSL was originally incorporated as Reliance Strategic Investments Private Limited in July, 1999 under the Companies Act 1956. Jio Financial Services Limited was incorporated in July, 23. JFSL is a NBFC-ND-SI registered with RBI. The company is a holding company and will operate its financial services...
JIO FINANCE making beautiful structure of Ascending Tringle Chart Pattern & also gave a good breakout & coming for Retesting & now showing some strength for Continuation
KEEP ON RADAR
A beautiful cup and handle pattern is forming in Jio finance share which is also having good fundamentals . One can buy share near 240 with a stoploss of 229 and with a short term target of 252 ,265 and 300 .
