Jio 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.
JFS has been repeating it's pattern after consolidation currently forming vcp let's see how it works out
Price 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...
Greetings 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...
]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...
JIO FIN is currently trading in the box ever since listed at weekly timeframe. We can see a rally in stock if it sustains above it. Also it will depend on the Q3 results of the stock which is today (15 JAN). I'll keep you updated about Q result.