JIOFIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | JIOFIN | Market Cap | 1,57,717 Cr. | Current Price | 248 ₹ | High / Low | 339 ₹ |
| Stock P/E | 226 | Book Value | 45.9 ₹ | Dividend Yield | 0.20 % | ROCE | 2.64 % |
| ROE | 2.22 % | Face Value | 10.0 ₹ | DMA 50 | 260 ₹ | DMA 200 | 284 ₹ |
| Chg in FII Hold | -0.30 % | Chg in DII Hold | 0.58 % | PAT Qtr | 73.1 Cr. | PAT Prev Qtr | 456 Cr. |
| RSI | 48.6 | MACD | -6.84 | Volume | 2,11,76,414 | Avg Vol 1Wk | 1,64,21,799 |
| Low price | 200 ₹ | High price | 339 ₹ | PEG Ratio | 4.68 | Debt to equity | 0.00 |
| 52w Index | 34.7 % | Qtr Profit Var | -2.79 % | EPS | 1.10 ₹ | Industry PE | 24.7 |
📉 Chart & Trend: JIOFIN is trading below both its 50 DMA (₹260) and 200 DMA (₹284), with the current price at ₹248. This indicates short-term weakness and medium-term bearish consolidation.
📊 RSI: At 48.6, RSI is neutral, suggesting balanced momentum but no strong bullish signals.
📉 MACD: Negative at -6.84, confirming bearish bias and consolidation.
📈 Bollinger Bands: Price is mid-range, reflecting indecision and sideways movement.
📊 Volume: Current volume (2.11 Cr) is higher than average weekly volume (1.64 Cr), showing strong participation but tilted towards selling pressure.
📍 Support & Resistance:
- Strong support: ₹240–₹245
- Immediate resistance: ₹260 (50 DMA)
- Major resistance: ₹284 (200 DMA)
Optimal entry zone: ₹242–₹250 (near support).
Exit zone: ₹260–₹275 (resistance cluster).
🔎 Trend Status: The stock is consolidating with bearish bias. A reversal requires sustained close above ₹260–₹284.
Positive
- Debt-to-equity ratio of 0.00 indicates no leverage risk.
- DII holding increased by 0.58%, showing domestic institutional support.
- Strong 52-week index performance at 34.7% reflects resilience despite volatility.
Limitation
- Trading below both 50 DMA and 200 DMA signals weakness.
- ROCE (2.64%) and ROE (2.22%) are very weak compared to sector peers.
- P/E of 226 compared to industry PE of 24.7 indicates extreme overvaluation.
- PEG ratio of 4.68 suggests valuation is expensive relative to growth.
Company Negative News
- PAT declined sharply to ₹73.1 Cr from ₹456 Cr, showing earnings pressure.
- Quarterly profit variation of -2.79% highlights volatility.
- FII holding decreased by -0.30%, reflecting reduced foreign investor confidence.
Company Positive News
- EPS at ₹1.10 supports earnings visibility despite weak profitability.
- DII holding increased by 0.58%, showing domestic institutional confidence.
Industry
- Industry PE at 24.7 vs JIOFIN’s PE of 226 shows extreme premium valuation.
- Financial services sector outlook remains positive with rising demand for lending and digital finance solutions.
Conclusion
⚖️ JIOFIN is consolidating with bearish bias near support. Short-term traders may consider entry around ₹242–₹250 with exits near ₹260–₹275. Long-term investors should be cautious given weak ROE/ROCE and extreme valuation, waiting for confirmation above ₹260–₹284 before adding positions.
Would you like me to extend this into a financial services basket overlay (JIOFIN vs peers like Bajaj Finance, HDFC Ltd, Aditya Birla Capital) so you can benchmark its setup against sector leaders for stronger confirmation signals?