Jio Financial Services overview

 

Jio Financial Services sell 291-287 target 284/281/275 sl 305

Jio Financial Services based on the chart you provided:

📉 TECHNICAL ANALYSIS – JIO FINANCIAL SERVICES (1H CHART) 1️⃣ Trend Analysis Overall Trend The price is moving inside a descending channel (sloping downward).

Lower highs and lower lows → bearish structure.

Selling pressure dominates every rally (as visible with multiple “Sell” signals on highs).

Current Position Price is at the lower boundary of the channel, which often acts as short-term support.

Breakdown risk exists if it closes below 290–288.

🧱 2️⃣ Support & Resistance Levels Major Resistance Zones Level Reason 315–320 Upper channel line + past swing highs 305–308 Multiple rejections + supply zone 295–297 Minor resistance if price bounces

Major Support Zones Level Reason 290–288 Channel bottom + horizontal support 282–285 Next demand zone 275 Major positional support

🎯 3️⃣ Target & Stop Loss Levels FOR INTRADAY / SHORT-TERM (1–5 Days) If Buying near 290–292 Entry: 290–292

Targets:

T1: 297

T2: 302

T3: 305

Stop Loss: 286 (below channel support)

If Breakdown happens below 288 Sell Below: 288

Targets:

T1: 284

T2: 280

Stop Loss: 293

📅 4️⃣ MEDIUM-TERM VIEW (2–6 Weeks) Trend: Still bearish due to clear downward sloping trendline.

Until price breaks 315, medium-term trend stays weak.

Levels: Upside Target (if reversal happens):

305 → 320 → 330

Downside Risk:

285 → 275

Key Medium-Term View: 👉 A trend reversal only begins if price closes above 315–320 with strong volume.

🕰 5️⃣ LONG-TERM VIEW (2–6 Months) Structure: Long-term chart shows:

Broad consolidation

Lower volatility

Heavy resistance near 325–330

Long-term bullish confirmation: Only if the stock sustains above 330.

That would open higher targets:

350 → 375 → 400

Long-term bearish weakness: Break below 275 can extend the fall towards:

260 → 245

📌 6️⃣ Key Technical Observations From Chart ✔ Price has fallen ~11% from highs ✔ Repeated selling at trendline suggests strong supply ✔ Buyers appear only at lower channel boundary ✔ Momentum remains weak until a breakout above 305–315

✅ Conclusion Short-Term: Oversold at channel bottom, possible small bounce but resistance heavy at 297/305.

Medium-Term: Bearish below 315.

Long-Term: Needs breakout above 330 for strong uptrend.

Current Strategy: Buy only near support with tight SL, or sell breakdowns.