WILL JIO FINANCIAL SERVICE FLY HIGH LIKE EAGLE ???Good afternoon, It's been clear seen from weekly chart that JFS is forming Pole & Flag pattern which indicates the sign of bullishness in JFS.
Currently it is trading around 314 next target will be around 340-350 and if the stock will break the 350 level then next psychological resistance will be around 400 and if the bullish sentiment continues then very soon JFS backed by RIL will trade minimum around 500 or 500+.
SL will be around 265-270.
Note - This is not a buying recommendation it's my personal views.
JIOFIN trade ideas
expect good months from december in price action NSE:JIOFIN i have been following and trading in jiofin from levels of 210 and now i am anticipating the consolidation time to come near end and good 30% returms from current levels to be expected in next decmber2024 till may2025 expecting levels above 400 atleast in jiofin from here the consolidation has been done and now is the right time to add solid position in jiofin in next 20/30 days after that it should be all over media and news channel recomendation list NSE:JIOFIN
JIOFIN: Intraday and Swing Trading Opportunities
Timeframe: 15-Minute for Intraday & Multi-Day for Swing Traders.
Intraday Outlook: For aggressive traders, the Risological Indicator signals a confirmed bullish move with GREEN lines. If the GREEN indicator flips to RED, it’s time to book profits and exit the trade.
Swing Trade Outlook: Using the Risological Swing Trader, TP (Take Profit) targets are clearly marked:
TP1: 319.85
TP2: 333.35
TP3: 346.85
TP4: 355.20
Entry: 311.50
Stop Loss (SL): 304.75
This setup highlights the versatility of the Risological Indicator for both quick intraday decisions and strategic swing trades!
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.
Bull rallyTrendline Support and Resistance:
The stock is currently near a trendline support zone, which suggests that the price may find support here and possibly rebound. If the support holds, it could present a buying opportunity.
There is a clearly marked trendline resistance at a higher level, meaning the stock may face selling pressure when it reaches that resistance point. This resistance seems to be aligned with the target at around ₹533.85.
Bulls vs. Bears:
The chart shows a consolidation phase (boxed region) where the bulls have been maintaining the price, but it hasn't broken significantly higher. The recent candles suggest some hesitation or weakness as the stock is testing the support zone again (marked by "3").
Support Level:
The chart indicates a strong support level at around ₹203.86, which is well below the current price of ₹330.35. If the current support breaks, the stock may head toward this lower level. However, as of now, the price is far from this region, and breaking it would indicate significant downside risk.
Resistance Target:
The upper target is ₹533.85, aligned with the trendline resistance. If the stock shows bullish momentum and breaks through current resistance levels, this could be a potential upside target in the medium term.
Possible Scenarios:
Bullish Case: If the stock holds the current support and gains momentum, it could rally towards the resistance and eventually aim for the ₹533.85 target, as indicated on the chart.
Bearish Case: If the stock breaks below the current trendline support, it could indicate weakness, and the stock may head toward the stronger support level near ₹203.86. Watch for volume and candlestick patterns around the current support for clearer signals.
Next Steps:
Immediate Action: Monitor how the stock behaves at the current support level (around ₹330). A bounce could confirm bullishness, but a break below could trigger further downside.
Target: Keep an eye on ₹533.85 as a potential target if the stock rallies.
In summary, the stock seems to be at a critical support level. If it holds, there could be a bullish move, but if it breaks, a deeper correction is possible. Keep an eye on volume and price action for confirmation.
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.
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.
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.
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.
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. "
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.
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