Date: 20-Jun-2024
Rating: Buy - Positional Trade
LTP: Rs. 365.55
Targets: (1) Rs. 394 --> (2) Rs. 448
SL: Rs. 335 on daily close basis
Technical View:
•
JIOFIN
is in it's primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 394.70 on 23-Apr-2024, it has retraced 22% to 307.30 level.
• On 20-Jun-2024,
JIOFIN
has broke out from its secondary down trend with higher than average volume.
•
JIOFIN
is trading above 20 DMA, 50 DMA and 21 DEMA.
• RSI is trading at 56.16 and MACD is trading at 0.98.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Rating: Buy - Positional Trade
LTP: Rs. 365.55
Targets: (1) Rs. 394 --> (2) Rs. 448
SL: Rs. 335 on daily close basis
Technical View:
•
JIOFIN
is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 394.70 on 23-Apr-2024, it has retraced 22% to 307.30 level.
• On 20-Jun-2024,
JIOFIN
has broke out from its secondary down trend with higher than average volume. •
JIOFIN
is trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 56.16 and MACD is trading at 0.98.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.