JIOFIN 1D TFNSE:JIOFIN , In the previous post discussed the stock broke a demand zone with strong bearish candle, but is now forming a stong bullish candle.This could be possible liquidity grab. This is a risky entry but could be traded for a 1:1.5 R:R.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JIOFIN
JIOFIN 1D TFAs we discussed in the previous posts NSE:JIOFIN has broken down a strong demand zone. A trade can be taken here with good profits.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JIOFIN 1D TFNSE:JIOFIN has shot up from a support zone which has multiple touch points and a very strong one. The stock bounced back with a strong bullish candle. With multiple confirmations the stock could be traded.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Jio Financial Services LtdNSE: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 India's growing digital adoption and increasing demand for fintech solutions, Jio Financial Services is well-positioned to capitalize on these trends. Additionally, the backing of RIL provides stability and resources for sustained growth .
Technical :
Breakout of ascending triangle pattern.
Good support from lower levels.
Breakout with good volume.
Good Risk to Reward Ratio.
Thanks & Happy Trading
Disclaimer:
This idea is only for educational purposes,
Please Trade at your own RISK''
JIOFIN BULLISH VIEWJIOFIN BULLISH VIEW
ELLIOTT WAVE THEORY
JIOFIN showing the fractal nature , completed 1st wave and 2nd wave higher degree
showing upward signs , high volume traction can move 3rd wave to equality around 500 or even upto 1.618 around 620.
let it gain some traction
Wave 1 is considered using 17 leg formation to avoid further classification of inner counts , easy to count in case extension and prominent impulsive moves.
This is for educational purpose only, in case of any suggestion you are welcome.
EWT – Can Bulls Push NSE JIOFIN to New Highs?Timeframe: Daily
After hitting a low of 202.8, NSE JIOFIN has formed an impulsive cycle. Wave ((2)) has not retraced more than 100% of Wave ((1)). Sub-Wave (3) is a powerful extended wave, reaching 261.8% of the Fibonacci extension of Wave (1). The price has completed Wave (4) at 307, marking an exact 50% retracement of Wave (3).
The impulsive structure is expected to resume following a breakout above the corrective slope. However, if the price encounters strong resistance at the upper channel, there is also a possibility of a triangle formation on the daily timeframe chart. The 337 level will pose a significant challenge for the bulls to overcome.
According to the alternative chart, the price has completed Wave D at 337.95 and has begun forming Wave E. If the price doesn’t break below the low of Wave C, Wave E could alternatively be interpreted as a 1-2 wave formation. If price breaks out 338 , traders can trade for the following targets: 360 – 383 – 405 +. A breakdown of Wave A at 307 will require a reassessment of the entire wave structure
We will update further information soon.
Jio Financial Services Ltd - Breakout OpportunityDate : 2-Sep-2024
LTP : Rs. 344.90
Resistance Level/s: (R1) Rs. 368 --> (R2) Rs. 394 --> (R3) Rs. 447
Support Level/s : (S1) Rs. 310 --> (S2) Rs. 295.70
Technical View:
• NSE:JIOFIN is in strong uptrend since Nov-2023. It was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 394.70 on 23-Apr-2024, it has retraced 21% to 310 level.
• On 2-Sep-2024, NSE:JIOFIN has broke out from it's secondary downtrend with higher than average volume.
• NSE:JIOFIN has managed to close above 20 DMA and 50 DMA on 2-Sep-2024.
• RSI has entered buy zone and trading at 61.42.
• Both RSI and MACD are showing positive divergence on daily chart.
• Looking good to start a new swing from here.
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Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
JIOFIN - Falling Channel Breakout- Daily JIOFIN - Falling Channel Breakout - Daily
Name - JIOFIN
Pattern - Falling Channel
Timeframe - Daily
Status - Breakout
Volume - Good
Cmp - 344.9
Target - 386
SL - 337.5
Pattern: Falling Channel
Fundamentals:
Here are some key financial ratios for Jio Financial Services Ltd. (JIOFIN):
Price to Earnings (P/E) Ratio: 139.82 - very high
Price to Book (P/B) Ratio: 1.61
Price to Sales (P/S) Ratio: 121.02
Enterprise Value to EBITDA (EV/EBITDA) Ratio: 134.42
Return on Equity (ROE): 1.15%
Return on Assets (ROA): 1.11%
Net Profit Margin: 77.83%
Operating Profit Margin: 81.12%
EBITDA Margin: 97.49%
Debt to Equity Ratio: 0 (debt-free)
Quick Ratio: 2513.46
Jio Financial Services Ltd - Breakout OpportunityDate : 20-Jun-2024
Rating : Buy - Positional Trade
LTP : Rs. 365.55
Targets: (1) Rs. 394 --> (2) Rs. 448
SL : Rs. 335 on daily close basis
Technical View:
• NSE:JIOFIN is in it's primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 394.70 on 23-Apr-2024, it has retraced 22% to 307.30 level.
• On 20-Jun-2024, NSE:JIOFIN has broke out from its secondary down trend with higher than average volume.
• NSE:JIOFIN is trading above 20 DMA, 50 DMA and 21 DEMA.
• RSI is trading at 56.16 and MACD is trading at 0.98.
• Looking strong to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Jio Financial Services Ltd. - Short Term TradeDate : 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 65.22 and MACD is at 18.80. Both are indicating good momentum and strength to move the price up.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
JIOFIN - Ichimoku Breakout📈 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 recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Jio Financial Services Ltd.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 Targets: (6) Rs. 348 --> (7) Rs. 373
Technical View :
NSE:JIOFIN is in primary uptrend since end of Oct-2023. Since then, it has seen multiple ups and downs keeping the primary uptrend intact. Recently, it touched the life time high of 348 on 26-Feb-2024. Post that it went in to minor retracement and again started showing strength in last couple of days. MACD and RSI are bullish. After every minor retracement, RSI crossover to RSI-based MA has given a bullish outcome, which has happened again on 2-Mar-2024. Also, it has given break out from its minor retracement on 1-Mar-2024. Looking good for further rally from here onwards.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
JIOFIN Analysis & PredictionThis 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 act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About JIOFIN:
Jio Financial Services Ltd. operates as a non-banking financial company. It offers finance, trading and investment services. The company was founded on July 22, 1999 and is headquartered in Mumbai, India.
JIO FIN Service for swingSupport 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 .
JIOFIN | Swing Trade📊 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 business through its consumer-facing subsidiaries namely Jio Finance Limited (JFL), Jio Insurance Broking Limited (JIBL), and Jio Payment Solutions Limited (JPSL) and joint venture namely Jio Payments Bank Limited (JPBL).Jio Financial Serv
TTM PE : 564.48 (High PE)
Sector PE : 31.29
Beta : 1.03
📚 INSIGHTS
Stock not eligible for rating
8.37% away from 52 week high
Outperformer - Jio Financial Services up by 11.2% v/s NIFTY 50 up by 1.01% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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