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Jiofinservices

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.
Editors' picks
NSE:JIOFIN
by forextidings
7
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
JIOFIN LTD TURNAROUND NSE: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. #JIOFIN Day chart analysis 🧐 🔹Trend: Weekly Trend Up. 🔹Swing :- Forming a retracement 🔹View: Reversal is very likely from the demand zone. 🔹Structure:- Slow PullBack on the day chart now it should build a range for a few more days then resume up move ⚡️ 🟢Entry: Above -340 ♦️RISK:- 305 Day Closing Basis. 🎯Target :- Mentioned on chart 📊 Detailed analysis on chart Study it and mark levels on your chart. Always Use position sizing before entering the trade. Keep learning, Happy trading.
NSE:JIOFINLong
by SANJAYPATIDAR_
1
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
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.
NSE:JIOFINLong
by vicky252
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. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #jiofin
NSE:JIOFINLong
by nikunjbhadja
1
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.
NSE:JIOFINLong
by vicky252
2
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.
NSE:JIOFINLong
by suraranjanganguli