Retail investors looking for a fresh holiday pick might want to glance at Jio Financial Services, which is showing signs of a technical bounce.
Recent Price Action
On the latest trading day the stock closed at ₹298.85, only a tiny 0.05% rise from the previous close. So far in 2025 the share is down about 2%. It has slipped 0.6% in the last six months and 2.5% over the past three months. The current price is roughly 12% below its August 2025 high of ₹338.45, but it has already climbed more than 50% from its 52‑week low of ₹198.60 recorded in March.
Analyst’s Holiday Recommendation
Market expert Sumeet Bagadia of Choice Broking recommends buying Jio Financial Services at around ₹300.50 and adding more shares if the price falls to ₹285. He sees a price target between ₹335 and ₹350. The level of ₹285 is highlighted as a strong support zone.
Why the Stock Looks Attractive
- Pattern formation: The weekly chart is forming a "flag and pole" shape, which often precedes a continuation of the upward trend.
- Moving averages: The share is sitting above the 100‑week exponential moving average and has just crossed the 50‑day EMA from below, suggesting growing momentum.
- Momentum indicator: The Relative Strength Index (RSI) is around 46, indicating neutral territory with room to rise.
- Accumulation evidence: Buying activity has been steady near the ₹285 level, pointing to investor interest at lower prices.
Potential Risks
If the price drops below ₹275, the outlook could turn negative and traders might consider exiting or tightening stops.
How to Approach the Trade
Bagadia’s plan is straightforward: enter around ₹300, add on dips toward ₹285, aim for the ₹335‑₹350 target, and watch the ₹275 level as a warning sign.
Disclaimer
Remember, this is just one analyst’s view, not a guarantee of future performance. Do your own research or talk to a certified financial advisor before making any investment decisions.