JIOFIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of Jio Financial Services Ltd. (JIOFIN)

📊 Trend Overview

Current Trend: Consolidating

Price is hovering just above the 50-DMA (₹314) and well above the 200-DMA (₹297), indicating a neutral-to-bullish setup.

RSI at 52.8 suggests mild bullish momentum but no strong directional bias.

MACD at -1.45 is slightly negative, hinting at a pause or weakening momentum.

Volume is below average, indicating reduced participation and lack of breakout conviction.

📈 Moving Averages

50-DMA: ₹314 — Immediate support.

200-DMA: ₹297 — Strong long-term support.

Price Action: Trading at ₹317, slightly above both DMAs — a stable but indecisive setup.

📉 Momentum Indicators

RSI (14-day): 52.8 — Neutral zone, no strong buy/sell signal.

MACD: -1.45 — Bearish crossover, momentum fading.

Volume: 97.5 lakh vs 1-week avg of 107.8 lakh — Lower volume, weak conviction.

📊 Bollinger Bands

Price likely near middle band — low volatility.

No breakout or squeeze pattern detected.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 314 50-DMA, short-term support

Support 2 297 200-DMA, long-term support

Resistance 1 325 Minor resistance zone

Resistance 2 340–363 Major resistance zone, recent high

🎯 Entry & Exit Zones

Optimal Entry: ₹310–₹315 — Near 50-DMA with tight stop-loss.

Exit Zone: ₹325–₹340 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Weak — MACD bearish, RSI neutral.

Breakout Potential: Low — No volume surge or trendline breakout.

Bias: Cautiously bullish — Wait for confirmation above ₹325.

🧭 Summary

JIOFIN is currently consolidating with neutral momentum indicators. Price action above key moving averages suggests stability, but MACD and volume trends point to indecision. Traders should wait for a breakout above ₹325 or a confirmed bounce from ₹314 before initiating positions.

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