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Investtech Indices
Jio Financial Services (543940.BO)
Close: 314.10 (-5.15), Nov 21, 2024
Hold
Medium risk
Automatic technical analysis. Medium term, Nov 21, 2024
Investors have accepted lower prices over time to get out of Jio Financial Services Limited and the stock is in a falling trend channel in the medium long term. Falling trends indicate that the company experiences negative development and falling buy interest among investors. The stock has received a negative signal from the moving average indicator, thus signaling a continued fall. The stock has marginally broken up through resistance at rupee 310. An established break predicts a further rise. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This confirms the trend. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The stock is overall assessed as technically neutral for the medium long term.Recommendation one to six months: Hold (Score: -19)
More analyses of Jio Financial Services Limited
Candlesticks
Short term: Hold
Medium term: Hold
Long term: Positive
Learn more about key technical aspects of this stock:
Support and resistanceBreak upward through resistance
A break upward through resistance is a buy signal. Especially if volume is also increasing. The sellers who used to be at this level are gone, but there is still buy pressure in the stock.
VolumeNegative correlation between price and volume development
Negative correlation between price development and volume development is a sign of weakness. It shows high sell interest near bottoms in the price chart, and low buy interest near price tops. This indicates that investors who have already sold the stock and those who consider selling both believe that the price will fall.
TrendFalling trend
Falling trends indicate that the company experiences negative development and decreasing buy interest among investors.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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