Date: 2-Sep-2024
LTP: Rs. 344.90
Resistance Level/s: (R1) Rs. 368 --> (R2) Rs. 394 --> (R3) Rs. 447
Support Level/s: (S1) Rs. 310 --> (S2) Rs. 295.70
Technical View:
•
JIOFIN is in strong uptrend since Nov-2023. It was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 394.70 on 23-Apr-2024, it has retraced 21% to 310 level.
• On 2-Sep-2024,JIOFIN has broke out from it's secondary downtrend with higher than average volume.
•JIOFIN has managed to close above 20 DMA and 50 DMA on 2-Sep-2024.
• RSI has entered buy zone and trading at 61.42.
• Both RSI and MACD are showing positive divergence on daily chart.
• Looking good to start a new swing from here.
Like the analysis? Boost/Like this idea and follow my ID.
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. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
LTP: Rs. 344.90
Resistance Level/s: (R1) Rs. 368 --> (R2) Rs. 394 --> (R3) Rs. 447
Support Level/s: (S1) Rs. 310 --> (S2) Rs. 295.70
Technical View:
•
JIOFIN is in strong uptrend since Nov-2023. It was recently going through it's secondary downtrend within primary uptrend.• After touching the high of 394.70 on 23-Apr-2024, it has retraced 21% to 310 level.
• On 2-Sep-2024,
JIOFIN has broke out from it's secondary downtrend with higher than average volume.•
JIOFIN has managed to close above 20 DMA and 50 DMA on 2-Sep-2024.• RSI has entered buy zone and trading at 61.42.
• Both RSI and MACD are showing positive divergence on daily chart.
• Looking good to start a new swing from here.
Like the analysis? Boost/Like this idea and follow my ID.
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. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.