SWING IDEA - JIO FINANCIAL SERVICES

2024年11月15日

Jio Financial Services, an emerging force in the financial sector, exhibits signs of a potential upward move, presenting a swing trading opportunity.

Reasons are listed below :

• Strong Support Zone at 300: This level has proven to be a strong support, enhancing the likelihood of a bounce.
  
• Bullish Hammer on Weekly Timeframe: A bullish hammer candlestick pattern indicates potential reversal and buyer interest at lower levels.
  
• 0.5 Fibonacci Support: The price is aligned with the 0.5 Fibonacci retracement level, suggesting that it could act as a springboard for further upward movement.
  
• 50 EMA Support on Weekly Timeframe: Trading above the 50 EMA adds to the bullish outlook and provides an additional layer of support.
  

Target - 360 // 385
Stoploss - weekly close below 295

DISCLAIMER -

Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.

@visionary.growth.insights

2024年12月4日

交易進行

made a high of 7%+

2024年12月11日

註釋

hold!

1月15日

交易結束：達到停損點

stoploss hit : -11%