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Jiofinancialservices

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!
NSE:JIOFINLong
by ProfitsNinja
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.
NSE:JIOFINLong
by ProfitsNinja
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.
NSE:JIOFIN
by Fight_Bulls_vs_Bear