Jio Finance Share Price | Experts give rating to Jio Financial share, signs of breakout on chart, note the target – NSE: JIOFIN
Jio Finance Share Price | Tuesday was a loss day for stock market investors. Stock markets Sensex and Nifty closed with heavy losses on Tuesday. On Tuesday, the stock market Sensex closed at 80,684.45 with a fall of 1,064.12 points. At the same time, Nifty of National Stock Exchange fell by 332.25 points or 0.25 percent to 24,336 points. Meanwhile, experts have indicated that Jio Financial Services stock may offer breakout. (Jio Financial Company excerpt)
Jio Financial Services will give share breakout
Jio Financial stock is trading near the breakout levels as per the daily chart. According to the chart, the stock of Jio Financial Services Company fell below the 200-day moving average. The share price was around 200 DMA from that level. The momentum indicator of Jio Financial stock is also in the bullish zone. Overall, as per the chart pattern, Jio Financial stock is on the verge of breakout. Therefore, stock market experts have given HOLD rating on Jio Financial stock. On Wednesday (18 December 2024), the stock was trading at Rs 327, down 3.09%.
Jio Financial Services Share Target Price
Stock market experts further advised that investors should buy new shares only when Jio Financial shares cross the level of Rs 345. According to experts, Jio Financial Services shares may offer a breakout soon. Experts say that investors should keep the stoploss at Rs 335 while making new purchases. According to experts, Jio Financial stock can reach the target price of Rs 375.
Jio Financial Services share gave 56.99% return
Jio Financial Company shares have given 0.63% return in the last 5 days. Jio Financial share has given 5.63% return in the last one month. Jio Financial shares have declined 7.28% in the last six months. The stock has given 40.22% returns in the last one year. The stock has also given 56.99% returns in the long term.
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