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!
Jiofinancial
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.
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!!