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JIO FINANCIAL SERVICES LIMITED

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JIOFIN trade ideas

Jio Financial Services (JFS): Navigating Key Levels with PositivJio Financial Services (JFS): Navigating Key Levels with Positive Momentum NSE:JIOFIN (JFS) is currently at a critical juncture, testing key support and resistance zones amidst positive market sentiment. Resistance Zones: 346 / 356 – The stock may face selling pressure near these resistance levels, but a breakout could signal renewed bullish momentum, especially considering the favorable news surrounding the company. Support Zones: 335 / 316 – These levels are crucial for short-term support. If breached, it could lead to downside pressure, but strong buying interest at these levels may act as a cushion, preventing further decline. Positive News Catalyst: JFS recently received SEBI's in-principle approval to establish a mutual fund business in collaboration with BlackRock. This strategic 50:50 joint venture, dubbed Jio BlackRock, combines BlackRock's global expertise in investment and risk management with JFS’s strong local presence and digital infrastructure. This marks a significant re-entry for BlackRock into the Indian market, positioning JFS for expanded offerings in the investment space. With this venture, JFS is poised to bring innovative financial products to the Indian market, which could attract investor interest and drive future growth. Positive sentiment from this news may create bullish momentum, and a break above the 356 resistance level could trigger further upside. Key Takeaway: The stock is likely to be influenced by both technical and fundamental factors in the near term. Traders should watch for price action near the 346 and 356 levels for potential breakouts, while monitoring support at 335 and 316 for signs of strength. Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is for educational purposes only. Please conduct your own research or consult a financial advisor before making any trading decisions.
NSE:JIOFIN
by Fight_Bulls_vs_Bear
JIOFINSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:JIOFIN
by zenthosh
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 FIN SERVICES LTD, Breakout in Daily Chart with High VolumeStock : JIO FIN SERVICES LTD CMP : 344.90 Timeframe : Daily Pattern : Breakout with Volume Trade View : Bullish Price Action & Technical Analysis - Strong Bullish Candle with volume - Breakout the Resistance - MACD & Oscillators Buy Signal - Moving Average Crossovers Target 1 - 356 Target 2 - 376 Target 3 - 394 Stoploss - 325 Disclaimer : " Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades. "
NSE:JIOFINLong
by Amankuckreja
2
Jio Financial Services Ltd (JIOFIN) - Technical Analysis Jio Financial Services Ltd (JIOFIN) - Descending Triangle Breakout Imminent?Stock Overview:Jio Financial Services Ltd has been consolidating in a descending triangle formation, a commonly recognized bearish continuation pattern. However, a breakout to either side may present significant trading opportunities. Let’s break down the technical aspects and potential trade setups.Technical Analysis:1. Daily Timeframe (1D Chart):Pattern: The stock has formed a descending triangle, where the horizontal support is between ₹330 - ₹335 and the descending trendline is making lower highs.Support Level: ₹330 - ₹335 has been tested multiple times, indicating a strong support zone.Resistance Level: ₹345 - ₹350 acts as the next resistance zone, with previous price rejection in this range.RSI Indicator: The RSI is currently around 50, which indicates neutral momentum. However, a break above 60 could signal the start of a bullish move.Volume: There has been declining volume during consolidation, which suggests that a big move might be coming soon.2. Hourly Timeframe (1H Chart):Support Zone: ₹330 remains crucial as seen in the daily chart, while ₹340 seems to be a key resistance in the short term.Breakout Potential: A clean breakout above ₹340 - ₹345 could lead to a strong upward move. The price has already broken out of the descending trendline on the hourly chart, indicating potential bullish momentum.Volume Spike: Watch for a significant volume increase to confirm the breakout, which is necessary to ensure strength in the price movement.Trade Setup:Entry Strategy:Aggressive Entry: Enter above ₹340 if the stock holds this level for 1-2 candles on the hourly chart with strong volume confirmation.Conservative Entry: Wait for a breakout and close above ₹345 on the daily chart to enter a more confirmed uptrend.Stop Loss:Below ₹330: Place a stop loss around ₹325 to account for false breakouts or volatility spikes. This is below the key support level of ₹330, which should hold for the bullish scenario to remain intact.Target Levels:Target 1: ₹350 - Immediate resistance based on the breakout.Target 2: ₹360 - This aligns with previous high and resistance levels, offering a realistic next target.Target 3: ₹375 - For those looking to ride the momentum further, this would be the next major resistance point.Risk Management:Position Sizing: Risk only 1-2% of your capital on this trade. To calculate position size, use this simple formula:Risk Amount = (Entry Price - Stop Loss) / Total Capital * 100For example, if you are entering at ₹345 and your stop loss is at ₹330, you're risking ₹15 per share. If you want to risk 2% of your capital, say ₹10,000, then your position size should be:Position Size = Risk Capital / ₹15 = 10,000 / 15 = 666 sharesAlways adjust position size based on your risk tolerance.Risk-Reward Ratio:This setup offers a risk-reward ratio of approximately 1:2 or 1:3, which is ideal for a trade like this:Risk: ₹15 (from ₹345 entry to ₹330 stop loss).Reward: ₹25 (Target 1: ₹350 to ₹375).Conclusion:This potential trade on Jio Financial Services Ltd is promising based on the descending triangle breakout possibility. Key levels to watch are ₹330 as support and ₹345 as resistance. A break above ₹345 with volume could open the door for significant gains with a potential target of ₹375. However, proper risk management is crucial, and setting a stop loss below ₹330 is necessary to avoid large losses.
NSE:JIOFIN
by TradeAXN
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
Jio Financial ServicesStock turned into bullish trend after the recent correction Support levels are seen at 346 and one can entry in the range of 353 to 355 and wait for the immediate targets of 375.85 and mid term target of 395 & 423 Jio FIn is going to benefit from the huge customer data base that they already have and retail lending is going to increase in the near future all over india. Adding this stock in every dip is long term investment strategy. for swing traders entry - 353-355 Add more quantity above 346.5 Stop Loss - 336.7 (follow strictly) Target - 375 & 395 I am not a SEBI Registered financial adviser.. i am writing these reviews on stock prices for educational purpose for some one who is interested in TREND ANALYSIS Kindly take advice from your personal financial adviser. I request your comments on the above levels so that i can also improve my analysis
NSE:JIOFINLong
by haresh2408
20
Buy JIO Fin with the target of 391*Stock Update - JIO Fin* Jio Financial Services is seeking the approval of its shareholders for related party deals worth Rs36000cr ($4.3 billion) with group firm Reliance Industries’ retail unit. Jio Financial is seeking approval of its holders for transactions during financial years 2024-25 and 2025-26 Jio Financial’s unit Jio Leasing Services plans foray into business of operating lease via a device-as-a-service Buy Jio Fin cmp 365.30 with the Target of 391
NSE:JIOFINLong
by Maideen