JIO Finance – from the day of its Demerger listing – had gone thru a very subdued performance up until now. Finally the Tiger is out of the bushes and is showing up its real power
On the Technicals front – we can derive the Near to Short term view using chart patterns. Long Term view is still strongly bullish, but due to lack of history and patterns, we are proposing Incremental targets
Technical Analysis: Near to Short Term view
- On Daily Time Frame, price has already completed a beautiful Cup and Handle Pattern / Bullish Ascending Triangle pattern with Target of 300.
- Price did reach very close @ 295 to the target but fell sharply, retracing back to the C&H BO zone and took a bounce – now forming a Fresh Rounding Bottom pattern. BO above 296 WCB for New Target of 335
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