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
SWING IDEA - JIO FINANCIAL SERVICESJio Financial Services , an emerging force in the financial sector, exhibits signs of a potential upward move, presenting a swing trading opportunity.
Reasons are listed below :
Strong Support Zone at 300 : This level has proven to be a strong support, enhancing the likelihood of a bounce.
Bullish Hammer on Weekly Timeframe : A bullish hammer candlestick pattern indicates potential reversal and buyer interest at lower levels.
0.5 Fibonacci Support : The price is aligned with the 0.5 Fibonacci retracement level, suggesting that it could act as a springboard for further upward movement.
50 EMA Support on Weekly Timeframe : Trading above the 50 EMA adds to the bullish outlook and provides an additional layer of support.
Target - 360 // 385
Stoploss - weekly close below 295
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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.
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 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 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
JIO ATTEMPT 248.2 RESISTANCE... watch above 248.20-252---If this take out resistance then upside price expected to arrive 280-318 and 500 target to see. However below 220 if counter slips view will be incorrect.
This is not recommendation it just for your study purpose...Investing in securities carries risk.Pls review and consult your financial advisor. before making any decision of investment
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 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
#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