JM Financial Services Limited (JFSL)
*********DisclaimerBefore 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.
7. Read Full article and then make decisions
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Why JM Financial Share is on Radar?
Rising Volume since last 15 Days and Stock is testing is key Supply zone 125 to 135.
Postives about the stock JM Financial Share:
1. Stock is trading above 50 and 20 DMA
2. Financial Sector is in Focus
3. Retail mortgage loan book rose by 61% year-on-year to ₹3,267 crores, while the rest of the loan book declined by 37% to ₹8,666 crores.
4. Expection of rate cut from FED
5. Rounding bottom pattern in monthly chart
6. Increase in Promoters and DII Stake
7. Undervalued as per Current Industry PE
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.
7. Read Full article and then make decisions
*******************************
Why JM Financial Share is on Radar?
Rising Volume since last 15 Days and Stock is testing is key Supply zone 125 to 135.
Postives about the stock JM Financial Share:
1. Stock is trading above 50 and 20 DMA
2. Financial Sector is in Focus
3. Retail mortgage loan book rose by 61% year-on-year to ₹3,267 crores, while the rest of the loan book declined by 37% to ₹8,666 crores.
4. Expection of rate cut from FED
5. Rounding bottom pattern in monthly chart
6. Increase in Promoters and DII Stake
7. Undervalued as per Current Industry PE
Negatives about the Stock JM Financial Share
1. Too much competition in this sector
2. Tough Competition from Existing Giant Bajaj and Mahindra Group
3. Flat performance last year
4. Highly overbought zone
5. Decrease in FII stake
Key Support Level: 100 to 105Accumulation Zone: 110 to 118
1. Too much competition in this sector
2. Tough Competition from Existing Giant Bajaj and Mahindra Group
3. Flat performance last year
4. Highly overbought zone
5. Decrease in FII stake
Swing Trading Strategy
JM Financial Share Monthly Chart
JM Financial Share Weekly Chart: Stock is in overbought zone, Wait for correction
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