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Jiofinance

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.
NSE:JIOFINLong
by Manojmkm
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. Like the analysis? Boost/Like this idea and follow my ID. 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.
NSE:JIOFINLong
by vicky252
2
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.
NSE:JIOFINLong
by vicky252