JIOFIN trade ideas
JiofinJiofin services Ltd
CMP 336
Trendline breakout and retesting the zone
Volume seen increasing.
Trendline breakout with volume
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
Swing trade - Jio FinAfter Good run, good retrenchment is done. It is looking to resume its upside trend.
Today stock has given good breakout from short term down trend.
Potential Targets - 400+
SL is mentioned on charts itself.
Please do your own analysis before taking any trade.
Happy Investing..
Jio Financial ServicesStock turned into bullish trend after the recent correction
Support levels are seen at 346 and one can entry in the range of 353 to 355 and wait for the immediate targets of 375.85 and mid term target of 395 & 423
Jio FIn is going to benefit from the huge customer data base that they already have and retail lending is going to increase in the near future all over india.
Adding this stock in every dip is long term investment strategy.
for swing traders entry - 353-355
Add more quantity above 346.5
Stop Loss - 336.7 (follow strictly)
Target - 375 & 395
I am not a SEBI Registered financial adviser.. i am writing these reviews on stock prices for educational purpose for some one who is interested in TREND ANALYSIS
Kindly take advice from your personal financial adviser.
I request your comments on the above levels so that i can also improve my analysis
JIOFIN- AnalysisBest entry in this stock is around 250 to 230 if comes comes to this levels, otherwise below is my analysis as per current data for the stock.
Bullish Levels -Above 244 then 343 to 362 New entry day closing above this then 470 then 588 then 706 then 823
Bearish levels :- Day closing below 225 (SL for Long term Investor) then 126 to 117 or 107
below this more bearish.
**Consider some Points buffer in above levels
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
jio fin chart analysisJio financial chart analysis on daily time frame. Please give your valuable feedback.
Jio Finance Flag Pattern BreakoutJio Finance Flag Pattern Breakout. Weekly close above 361, we should see next target of 480.
Jio Financial Service Limited JFSL is on the verge of breakout of triangle pattern.
Keep on eye on it.
Target : 395.95
Stoploss: 352.80
JIOFIN - Pole and Bull flagging on dailyJIOFIN has a pole and Bull flag on the daily time frame.
Expecting initial target of 400, followed by 410 with a Stop loss of < 345 on daily close basis
CMP = 360
Target 1 = 400
Target 2 = 410
Stop loss < 345 on DCB
JIO FIN SERVICES LTDJIO FIN SERVICES LTD
The series of 1-2 1-2 is good sign of a stock to give the multifold returns.
Our stock JIO FIN SERVICES LTD is also making a series of 1-2 1-2 on daily chart and 4hourly chart. If you have the stock in your portfolio it is to keep it for multifold returns.
I am not aware of any news on the stock but feeling it will go up even in this tense situation.
Regards.
Buy JIO Fin with the target of 391*Stock Update - JIO Fin*
Jio Financial Services is seeking the approval of its shareholders for related party deals worth Rs36000cr ($4.3 billion) with group firm Reliance Industries’ retail unit.
Jio Financial is seeking approval of its holders for transactions during financial years 2024-25 and 2025-26
Jio Financial’s unit Jio Leasing Services plans foray into business of operating lease via a device-as-a-service
Buy Jio Fin cmp 365.30 with the Target of 391
Swing in Jio?Price breaking out of resistance
Holding period upto a week (if market stays in good mood)
Target 390
SL 3%
jio FinanceBuy jio finance
cmp 370
No Stoploss
hold for next 10-15yrs
this is going to be the Next Big MultiBagger Stock of indian Share Market
JIO Fin Services investment ideaJIO Fin Services seems good to invest, price already not breaking low, trend line breakout,
showing strength.
Company is debt free. CMP 226.5.
View for Education only.
Jio Financial Daily - Breaking its Resistance zoneJio Financial Services is an Indian financial services company that was originally a subsidiary of Reliance Industries (RIL). It became an independent entity and was listed on the Indian stock exchanges in August 2023.
Only for educational purpose.
VCP & Pattern repetition in JIOFINJFS has been repeating it's pattern after consolidation currently forming vcp let's see how it works out
