JIOFIN - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Rating: 4.2

JIOFIN shows a bullish intraday setup today, supported by strong volume, positive momentum indicators, and favorable price action. Here's the breakdown

⚙️ Technical & Momentum Snapshot

RSI (57.0): Bullish-neutral zone, indicating upward bias.

MACD (2.21): Positive crossover, confirming bullish momentum.

Volume: Nearly 2x above average, signaling strong participation.

Price Action: Trading well above 50 DMA (₹304) and 200 DMA (₹288), reinforcing trend strength.

✅ Optimal Buy Price (if not holding)

Buy Zone: ₹318–₹321 (near VWAP and support)

Stop Loss: ₹312 (below intraday support and VWAP buffer)

💰 Profit-Taking Levels

Target 1: ₹328 (minor resistance)

Target 2: ₹335–₹340 (pivot resistance zone)

🚪 Exit Strategy (if already holding)

🔻 Exit on Weakness

If price breaks below ₹316 with rising volume and MACD flattens, consider exiting.

Watch for bearish candlestick patterns or breakdown below VWAP.

📈 Exit on Strength

If price crosses ₹328 with volume spike and RSI > 60, trail stop-loss upward and consider booking near ₹335.

🧠 Quick Sentiment Check

Valuation: P/E (127) is extremely high vs industry average (26.1), suggesting premium pricing.

Fundamentals: Low ROCE (1.47%) and ROE (1.23%) may limit long-term upside.

Trend: Bullish short-term; cautious medium-term due to stretched valuation.

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