Long Term investment Stock with positive Technical Pattern [JIO Financial Services is Surging]

JIO Financial Services Limited (JFSL)

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Disclaimer

Before going through this article on must ensure that:

1. All the information provided in this article is only for educational purpose

2. Data given in this article are collected from various trusted websites such bseindia.com, moneycontrol.com, screener.in

3. I am only sharing my person view as a trader and an investor

4. Please consult your financial advisor before taking any decision

5. Trading in Equity, Commodities and derivatives involves risk

6. Dynamic Tutorials and Services and Kumar Nirmal Prasad are not responsible for any losses incurred by following this article.

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Why Jio Finance Surged Today?

JIO Finance Join Hands with Black Rock Groug to Start Investment Advisory and Wealth Management Services. JIO also announced to enter in Capital Market Business.

Postives About the Stock Jio Financial Services Limited (JFSL)

1. Strong Promoters

2. Good Future Prospects

3. High Growth in Financial Sector

4. Expansion of Business 

5. Expection of rate cut from FED

6. Stock Trading Above 50 DMA

7. Decent Weekly Chart Pattern

Negatives  about the Stock Jio Financial Services Limited (JFSL)

1. Company is in early stage

2. Tough Competition from Existing Giant Bajaj and Mahindra Group

3. Licensing Issues with SEBI

4. Highly Overvalue from PE Point of View

5. Decrease in FII and DII Stake last quarter

Key Levels must hold by JFSL: 310