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JIO FIN SERVICES LTDJIO FIN SERVICES LTDJIO FIN SERVICES LTD

JIO FIN SERVICES LTD

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JIOFIN trade ideas

Jio Financial Services:A Potential Breakout from the Descending?Chart Analysis The chart displays a descending channel pattern, highlighting a bearish short-term trend within a longer consolidation phase. Key elements of the chart are as follows: 1. Demand Zone: • The price has tested the ₹280–₹300 demand zone multiple times, indicating strong buyer interest. • This zone is marked by a horizontal blue region, which has acted as a key reversal area in the past. 2. Descending Trendline: • The downward sloping trendline, forming the upper boundary of the channel, has consistently capped price recovery. • A breakout above this line near ₹320–₹340 will signal a potential bullish reversal. 3. Volume Analysis: • Current volumes suggest consolidation. A breakout on higher volumes above ₹320 would confirm bullish momentum. • Conversely, a spike in selling volumes near ₹280 could trigger a bearish breakdown. 4. Projected Price Path: • Bullish Path: A breakout from the descending channel may lead to an upward trajectory, targeting ₹360 and ₹400 in the medium term. • Bearish Path: If the price breaks below the ₹280 level, the stock could move toward the ₹250–₹260 support zone. 5. Pattern Formation: • The stock is forming a potential double bottom at the ₹280–₹300 range, a classic bullish reversal pattern if confirmed by a breakout above ₹320. • If the price fails to break the neckline at ₹320, it may continue consolidating within the channel. Key Levels to Watch • Resistance: ₹320 (trendline breakout), ₹360, ₹400 • Support: ₹280, ₹260 Recent News and Updates 1. Growth Plans: Jio Financial Services is expanding aggressively in digital lending and fintech, aiming to capture underserved markets. 2. Innovative Partnerships: Collaborations with NBFCs and banks signal a strategic push toward SME and retail financing. 3. Sector Outlook: Favorable macroeconomic factors, such as stable interest rates from the RBI, provide an ideal environment for growth. Market Sentiment Global uncertainties may weigh on financial stocks in the short term. However, Jio Financial’s innovative digital strategies position it well for long-term gains. Disclaimer This analysis is for educational purposes only and is not intended as financial advice. Trading and investing involve risks. Always perform your own research or consult a qualified financial advisor before making any investment decisions.
NSE:JIOFIN
by Veersoni108
Jio Financial Services: Cooling Off with Strong Support Topic Statement: Jio Financial Services is cooling off slowly after its stellar debut in the stock market, facing selling pressure and trading in a down-trending channel with strong support at 300. Key Points: 1. The stock is facing selling pressure after its stellar market debut. 2. Price is moving downwards in a well-defined down-trending channel. 3. Strong support is identified at the 300 level, providing a potential buying opportunity.
NSE:JIOFIN
by yogeshwar
JIOFIN - TRIANGLE PATTERN - WEEKLY CHARTJIOFIN - TRIANGLE PATTERN - WEEKLY CHART. Jiofin is making Triangle Pattern. It has gone below 50ema at Daily time frame, standing at an old support. There is probability of a small reversal from here. It may also spend some time in consolidation between 300-330 and give reversal around the Budget on 1st feb. If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com/u/SatpalS/ For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
NSE:JIOFIN
by SatpalS
JIOFIN - DONT BE A BLIND BULL YETFirstly, my positional view is BULLISH on this counter. Please refer to my earlier posts on the same script (link copied at the end of this post).. My emphasis is on Entry at a favorable risk reward price point. There is a overhead resistance (falling trendline from the top) at 350 levels... Wait for the breakout to confirm the trend reversal. Also, there is an unfilled GAP at 320 levels.. Ideally, I would expect the price to make a double bottom structure (retest of the 2-4 trendline from Oct'23 lows before the next big impulse move on the upside.. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:JIOFIN
by Murthy_Santhosh
Jio Finance: A Strong Potential Stock for Long-Term InvestmentJio Finance, listed in August 2023, has been on a steady uptrend, with a notable rally in the first half of 2024. The stock has reached an all-time high of 395, but has since entered a downtrend with lower highs. Despite this, the stock has maintained strong support around 310, indicating a potential buying opportunity. Fundamental Strength Jio Finance has a strong fundamental backing, with Jio(Reliance) and BlackRock providing investment services. The company has launched its JioFinance App, which integrates digital banking and provides various financial services, including UPI transactions, bill payments, insurance advisory, and more in Oct 2024. The app's future plans focus on investing in AI/ML and collaborating with FinTech startups, making it a promising candidate for long-term investment. Technical Analysis The weekly chart shows a downtrend, with the stock currently trading below its all-time high. However, the stock has maintained strong support around 310, which could be a good entry point for long-term investors. If the stock breaks below 295, it could potentially fall to 270, making it essential to have a strategy in place. Action Plan For investors looking to enter in this stock: Wait for a breakout above the downtrend line on the daily chart before entering the market. Consider adding more quantity at the 310 support level if its taking support at this levels in daily chart. Set a stop loss at 295 to limit potential losses, with a view to enter again if 270 support holds strong Once stock crosses levels of 370 and 395 shifting stop loss higher to just below immediate support on weekly chart should be good. By following this action plan, investors can potentially capitalise on the long-term potential of Jio Finance while managing risk.
NSE:JIOFINLong
by pranitmahajan
1
jio Fin Services Chart Analysis and Buying Opportunity jio Fin Services Chart Analysis and Buying Opportunity jio Fin Services is currently trading near a strong support level at ₹305. If the stock sustains above this zone, it could present a great buying opportunity! Support Zone 1 - 305 - SL- 300 Support Zone 2 - 285 - SL - 280 Stop Loss Set at ₹300 if the stock closes below this level. For long-term investors, this stock is a must-have in your portfolio! It shows solid fundamentals and potential for growth.
NSE:JIOFINLong
by manojshinde27
JIOFIN - End of Wave 4 - Ready for new ATHJIOFIN - End of Wave 4 - Ready for new ATH It appears that JIOFIN has completed it's 4th wave down at 300, which happens to be the 50% retracement of the impulse from 2nd to 3rd wave. The corrective wave ABC seems to have ended now and the internals of the entire move is also marked It is a low risk set up (5% risk if SL is placed at 300) and the reward would be 50% or more (if it plays out the 5th as projected) - On technical, 250-300 is also happens to be the accumulation zone previously. Price move and volumes are highlighted. Since this script will be included in F&O, worth tracking it for the coming weeks I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:JIOFINLong
by Murthy_Santhosh