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!!
JIOFIN trade ideas
JIOFIN LongPositional Trade
JioFin Looks Good ABOVE 232.25
SL 206.95
Target 243.75-254.60-265.60-331.25 points from entry
Hold a few Weeks
Please consult your financial advisor before investing
All research is for educational purposes only.
Stock is ready to cross past barriers in daily, Daily time frames. breakout after consolidation.
Jio Finance looking Good at 210-220Dipawali Pick...
Book Value 182
Target1 - 262
Target2 - 340 (if closing above 262)
Target3 - 464
Time by achieving target will be 1 year (it can be more than that..)
Wishing You and your family Happy Dipawali
Disclaimer :-
I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions.
Consult your financial advisor before taking any decisions
Decoding the next Big Bull - Jio FinanceJIO Finance - from the day of its Demerger listing - had gone thru a very subdued performance up until now. Finally the Tiger is out of the bushes and is showing up its real power
On the Technicals front - we can derive the Near to Short term view using chart patterns. Long Term view is still strongly bullish, but due to lack of history and patterns, we are proposing Incremental targets
Technical Analysis: Near to Short Term view
On Daily Time Frame, price has already completed a beautiful Cup and Handle Pattern / Bullish Ascending Triangle pattern with Target of 300.
Price did reach very close @ 295 to the target but fell sharply, retracing back to the C&H BO zone and took a bounce - now forming a Fresh Rounding Bottom pattern. BO above 296 WCB for New Target of 335
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Momentum jio finance Jio finance in a symmetrical triangle looks good for a blast in coming days operator playing and testing the patience of traders and investors but shares revving up for a blast
Sl 260 for momentum buy
Tgt 350 380
Atleast
Ask your financial advisor before buying only for educational purposes
#JIOFIN LONGTERM LONG TRADE SETUPGreetings Folks,
today i have prepared a setup of JIOFIN on NSE
the analysis is as follows-
- the price is approaching the all time low
- i am hoping for the price to take support near its ATL
- the market structure is not compelling
- the stock may pump/dump some times before making good structure
- i would advise you to be very cautious while dealing in this stock
dont play with fire, always use a predefined stoploss
Cup and Handle Pattern
]A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
JIO FIN SERVICES IS READY TO RE-ENTERCan enter - 235
Targets - 248,270+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
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.
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.