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JIOFIN

JIOFIN on Fire! Regulatory Approval Sparks Bullish Surge!Analysis Update: JIO FIN SERVICES (JIOFIN) 15m Time Frame Trade Type: Long Current Status: Target 1 (TP1) at 324.40 has been achieved. Remaining Targets: TP2 at 335.75, TP3 at 347.10, and TP4 at 354.15. Entry Point: Positioned at 317.35 with a stop-loss (SL) at 311.70 for risk management. Key Observations: Jio Payment Solutions, a subsidiary, has received approval to operate as an online payment aggregator, which could potentially drive bullish momentum in the near term. The Risological dotted trend line below the price action suggests an upward trend is currently maintained. Market Stats: Current Volume: 14.90M, slightly under the 30-day average of 17.30M. Market Cap: ₹1.98 Trillion With the recent regulatory approval, JIOFIN could see an uptick in buying interest, potentially paving the way for the remaining targets. Keep an eye on volume and trend strength as this development unfolds.
NSE:JIOFINLong
by ProfitsNinja
Jio Financial Services Ltd - Stock Review and AnalysisJIOFIN Jio Financial Services Ltd is currently attracting attention with its financial standing. Below is a quick snapshot of the company's key financial metrics: Market Cap: ₹2,16,965 Cr Current Price: ₹342 52-Week High/Low: ₹395 / ₹204 Stock P/E Ratio: 137 Book Value: ₹219 Dividend Yield: 0.00% Return on Capital Employed (ROCE): 1.55% Return on Equity (ROE): 1.27% Face Value: ₹10 Promoter Holding: 47.1% (with no shares pledged) Financial Health Check Valuation: With a P/E ratio of 137, the stock is priced higher than many in its sector. This suggests the market has high expectations of future growth. However, it also means the stock may currently be expensive relative to its earnings. Returns: The ROCE and ROE are quite low at 1.55% and 1.27%, respectively. This could indicate that the company is not yet generating significant returns on the capital employed or equity. Investors should consider whether these figures align with their investment goals, particularly if looking for long-term profitability. Dividend: Currently, the Dividend Yield is 0.00%, which means the company is not paying dividends. This may suit investors who focus on growth stocks over income-generating ones. Promoter Holding: The promoter holding is 47.1%, with 0% shares pledged, which reflects confidence from promoters in the company’s future performance. Technical Levels to Watch For those tracking Jio Financial Services Ltd from a technical analysis standpoint, here are some critical levels that could guide your trading decisions: Potential Upside: If the stock crosses the ₹346 mark, it might signal strength in the upward direction. Support Levels: The stock could find support at the ₹307 level, which might act as a floor for any downside moves. Targets: Based on current market sentiment and past price action, the stock could move toward targets of ₹395, ₹513, ₹619, ₹703, and even ₹815+. These levels are important for swing traders to consider. Jio Financial Services Ltd presents an interesting mix of high valuation with potential future growth, albeit with modest current returns. While the stock is trading at a premium based on its P/E ratio, it offers various technical levels that could be of interest to those tracking price movements closely. Disclaimer: We are not SEBI-registered advisors. The information provided is for educational purposes only, and readers should take care when using it for any investment decisions.
NSE:JIOFIN
by Kaviarasu_Chandrasekar
JIO Financial Services Ltd (JIOFIN) - Bullish Breakout on Daily 1. Bullish Breakout: The stock is attempting a breakout near the level of ₹356.65, indicating potential upward momentum. 2. Immediate Resistance Levels: Resistance at ₹376.05: The stock needs to surpass this level to confirm further bullish movement. Resistance at ₹394.25: The next critical resistance level is around ₹400, where the stock may face some selling pressure. 3. RSI Indicator: The RSI stands at 58.52, showing strength but not yet in overbought territory, which signals room for further upward movement. 4. Volume: Current trading volume is 13.663M, indicating decent market participation in the ongoing price action.
NSE:JIOFINLong
by GlobalMarketGuru
Jio Financial - A break-out for 600 targetJio Financial Services Ltd (JFSL), initially incorporated as Reliance Strategic Investments Private Limited in 1999, is now a registered NBFC-ND-SI with the RBI. It serves as the holding company for its financial services subsidiaries, including Jio Finance Ltd., Jio Insurance Broking Ltd., Jio Payments Bank Ltd., and Jio Payment Solutions Ltd., along with a proposed AMC business in partnership with BlackRock. As of H1FY24, JFSL boasts a market cap of ₹2,18,932 Cr and has a stock P/E of 138. Despite being almost debt-free and showing strong operational margins, the company does not currently pay dividends. CMP at 344 Target 612-625+ SL below 308
BSE:JIOFINLong
by profitoptionnew
1
20% fall incoming in JIO Financial Services LtdPrice is moving inside an ascending channel. The entire up move ABC wave is Primary wave W, price got rejected at the top of the channel. The pullback can be any waveform reaching the bottom of the channel near 265 level, will be wave X. Then the up move reaching somewhere around 405 level, will be wave Y. A nice 50% swing potential if bought near 265 level for a target of 405+ in 2-3 months. Do your own due diligence before taking any action. Peace!!
NSE:JIOFINShort
by Swastik24