jio finance for investment.Best time to invest in jio finance stock. Its making W pattern and target would be around 300 to 305. I have bought some shares for keeping long term.
Note: Its not a recommendation. Just for educational prepose.
JIOFIN trade ideas
JIO FIN SERVICES IS READY TO RE-ENTERCan enter - 235
Targets - 248,270+
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JIO FIN JIO FIN is currently trading in the box ever since listed at weekly timeframe.
We can see a rally in stock if it sustains above it.
Also it will depend on the Q3 results of the stock which is today (15 JAN).
I'll keep you updated about Q result.
Jio Financial's acquisition potential looks promising on the bulOn crossing 226, targets are set at 232, 238, 245, and 257, with a stop-loss at 215. Strong fundamentals and a pattern of higher highs and higher lows indicate positive momentum. Trade cautiously, seek advice from a financial advisor and consider this information for educational purposes.
Jio FinanceJio finance is trading in the range from it's listing. Stock again reached at its strong resistance of 250. Above 250 we can expect strong upmove in this counter 270-300+. Also jio is planning to launch MF business with collaboration with other company. This will help stock to get some momentum in future.
Jio Financial Services Analysis Here I have shared the analysis of Jio Financial Services
Buy near 330 SL 224
TARGET 342/248/254
#JIOFIN has been forming a nice rounding bullish structure
Jio Fin Services Ltd has been forming a nice rounding structure indicating that it has more upside left once it breaks-out.
Once this breakout, it can give 25-30% returns.
JIOFIN IPO STOCK Jio Financial Services, the Indian conglomerate Reliance Industries-backed financial services firm, has started its lending and insurance businesses.
Jio Financial Services, which made its public debut in August, as per annual presentation it has started to offer personal loans to salaried and self-employed individuals through its MyJio app and 300 stores across India. Its insurance arm has also partnered with 24 insurers to offer a wide range of coverage across auto, health, and corporate categories.
As Jio Financial scales its business, it may pose a challenge to a number of players in the industry, including Paytm and Policybazaar. Reliance said it will make use of AI and analytics for its financial services business and operate on a “low cost of servicing.”
Jio Financial Services said it’s taking a direct-to-customer approach with its offerings to drive cost-efficiencies and enabling personalized customer interactions. The firm is incorporating “alternate data models for 360-degree customer view and tailored offerings,” and is developing a unified app for the “diverse financial needs of customers.”
On lending, Jio Financial Services plans to extend loans to businesses and merchants as well as offer loans to facilitate vehicle and home purchases, it said. It also plans to give loans by using shares as collateral. The firm said it has also “relaunched” savings account services and bill payments and plans to launch debit cards.
As Jio Financial scales its business, it may pose a challenge to a number of players in the industry, including Paytm and Policybazaar. Reliance said it will make use of AI and analytics for its financial services business and operate on a “low cost of servicing.”
Stock recovered after making a low of 202.80 on 25th August, presently 10% above all time low and 15% below all time high.
Presently stock price above 20/50/100 EMA.
Daily volume is 0.4 times of weekly volume.
Above 235, stock can race upto 260, 340
Stop loss 222 which may be revised to box low.
Jio Financial -Update
Marked are the two horizontal lines in green and red. High of candle 29th September 2023 is major resistance reflected by greeen horizontal line.
Remember: do not haste. Tomorrow's only candle being the game changer for entire Indian Market is 3:25 p.m. Mark high and low of this candle and buy or sell.
Disclaimer: I am not a SEBI Registered analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Approximate movement of Jio fin servicesThere may be a possibility that this stock can within the range. A simple view. The community can share their views.
JIOFINHammer 🔨 on chart bottom done
If tomorrow confirm the long side trade entry
Go for long
With S.L 202
Results very good
Risk reward very good for swing or long term approx 12-18 months.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
#JIOFIN MIDTERM TRADE SETUPGreetings Folks,
today i have prepared a setup of JIOFIN on NSE
the setup is as follows
- the price is following a dynamic resistance which is strong
- very very low volume, can be manipulated
- if breaks the previous low, can sell
dont play with fire, always use predefined stoploss
JIOFIN : Selling it off at the momentI acquired the stock as part of the demerger of RIL. However, due to the lack of publicly available details about the business model or the growth prospects of the company, as well as the inability to conduct technical analysis based on the current chart, I don't feel it is safe to maintain this position for an extended period.
Additionally, I believe that, for the same reasons I mentioned above, institutional participation in the stock will likely remain limited until at least two quarters of results are available. This makes it difficult to predict how retail investors will act, particularly given that many institutions who received shares as part of the demerger may be planning to sell, similar to what I did.
I also have suspicions of potential institutional manipulation in the stock, which could be contributing to the recent irrational upward movement in the stock over the past few days. This could be a strategy employed by institutions to exit their holdings.
Therefore, at this time, I'm taking a step back and will contemplate re-entering the stock once more comprehensive technical and fundamental clarity becomes available after a minimum of two quarters.
I have attached the chart, I shared in my personal group about RIL while closing that position, to this message. Kindly review it at your convenience.
JioFin is Ready to BoomIn 2023, the Share Price of JFS can range from 165 – 331. According to our analysts, it is a much hyped stock and is expected to reach its Bull Prices very soon.
The prime factor driving investors to assign a premium valuation to JFS is because of the unparalleled track record of Reliance. The transformative impact that Reliance had on the telecommunications industry in India is well-known. This history has cultivated investor anticipation for a similar game-changing disruption in the financial sector, spearheaded by Reliance.
However, a crucial aspect demands investor consideration. The financial landscape, especially within the non-banking financial company (NBFC) sphere, is subject to rigorous regulatory oversight. JFS (Jio Financial Services) has been categorized as an upper-layer NBFC, which poses challenges in mirroring banking operations while not being a full-fledged bank.
JFS Share Prices can go up to 450 in 2024. JFS plans to increase its revenue and Net Profits through introduction of new products.
Jio Financial Services has an ambitious vision to introduce a range of novel financial products and services, including personal loans, home loans, and education loans.
1st Target : 450
2nd Target : 900.
Have a Good Day Traders.
