JIOFIN - Technical Analysis

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

Technical Rating: 4.1

Here’s a detailed technical analysis of Jio Financial Services Ltd (JIOFIN) based on current indicators and price action

📊 Trend Overview

Current Trend: Bullish with strong momentum

Price Action: Trading well above both 50 DMA (₹304) and 200 DMA (₹288) — confirms uptrend.

52W Index (74.5%): Price is closer to its 52-week high (₹363), showing sustained strength and recovery.

📈 Momentum Indicators

RSI (57.0): Bullish zone — indicates positive momentum, but not yet overbought.

MACD (2.21): Positive — confirms upward momentum and trend continuation.

Volume: Exceptionally high — nearly double the 1-week average, suggesting strong institutional interest or breakout activity.

📉 Volatility & Bands

Bollinger Bands: Price likely near upper band — signals strength but also potential for short-term pullback.

Beta: High volatility — price may swing sharply with market sentiment.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 304 (50 DMA)

Strong Support 288 (200 DMA)

Resistance 1 330–335 (recent swing zone)

Resistance 2 350 (minor supply zone)

Resistance 3 363 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹304–₹315 (on pullback near moving averages)

Exit / Profit Booking: ₹350–₹363 (if price rallies toward resistance)

🔍 Short-Term Signals

Momentum: Strong — RSI and MACD both support bullish continuation.

Trendline: Price holding above key averages — confirms uptrend.

Breakout Potential: High volume and positive indicators suggest possible breakout above ₹335–₹350 zone.

Would you like to track this for a breakout setup or compare it with other financial sector leaders for relative strength? I can help you spot the next mover.

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