JIOFIN on Fire! Regulatory Approval Sparks Bullish Surge!
Analysis Update: JIO FIN SERVICES (JIOFIN) 15m Time Frame
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:
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.
- 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.
- Indicator used on my charts > Risological.com
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
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