CHRISTMAS PICK 2025: Jio Financial Services Ltd by Choice Broking Ltd
Jio Financial Services Ltd
Buy JIOFIN @ 300.5 & Upto 285 for the Target of 335/ 350
JIOFIN has shown notable strength after consolidating within a defined range and forming a solid base, indicating steady accumulation and improving demand at lower levels. Currently trading around Rs.300.5, the stock is forming a Flag and Pole pattern on the weekly chart, which typically signals trend continuation and suggests potential for an upside breakout once the consolidation phase ends.
The stock is trading near the immediate previous swing high in the daily chart, a decisive breakout above this range could trigger fresh upward momentum, paving the way towards the Rs.335 – Rs.350 target range in the medium to long term. On the downside, support is placed near Rs.285, where consistent accumulation has been observed. The stock is also taking strong support near the 100 week EMA, while a recent 50 EMA crossover from downside to upside reinforces the ongoing strength and stability of the trend.
Momentum indicators support this constructive outlook. The RSI, currently around 46, reflects consolidation at neutral levels and provides room for further upside. Based on this technical structure, a buy strategy can be considered at the current market price of Rs.300.5, with additions on dips towards Rs.285. A breach below Rs.275 would act as a key warning level, temporarily challenging the positive setup and warranting a cautious approach.
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