JIOFIN - End of Wave 4 - Ready for new ATH

2024年11月23日

JIOFIN - End of Wave 4 - Ready for new ATH

It appears that JIOFIN has completed it's 4th wave down at 300, which happens to be the 50% retracement of the impulse from 2nd to 3rd wave.

The corrective wave ABC seems to have ended now and the internals of the entire move is also marked

It is a low risk set up (5% risk if SL is placed at 300) and the reward would be 50% or more (if it plays out the 5th as projected)

- On technical, 250-300 is also happens to be the accumulation zone previously. Price move and volumes are highlighted.

Since this script will be included in F&O, worth tracking it for the coming weeks

I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.

2024年12月4日

交易進行

Price is moving on expected lines.. BUT dont be a BLIND BULL YET.

There is a overhead resistance (falling trendline from the top) at 350 levels... Wait for the breakout to confirm the trend reversal.



Also, there is an unfilled GAP at 320 levels..

Ideally, I would expect the price to make a double bottom structure (retest of the 2-4 trendline from Oct.23 lows before the next big impulse move on the upside..