Jio Financial Shares: Mukesh Ambani's Jio Financial Services shares have shown remarkable growth in recent months. Trading around ₹198 in early March 2025, the share price crossed approximately ₹330 by the end of June. This represents a rise of about 67 percent in just four months. The stock demonstrated resilience amidst broader market fluctuations, and now, there are expectations of it heading towards the ₹400 mark.
According to market experts and technical analysts, the current surge in Jio Financial isn't just a coincidence; it's driven by solid business decisions and technical indicators.
SEBI Approves Broking Service
Recently, the company received a significant approval from SEBI (Securities and Exchange Board of India). Jio Financial and BlackRock, a leading US asset management firm, have formed a joint broking company, Jio BlackRock Broking, which has been approved to commence broking services. Earlier this month, Jio BlackRock Investment Advisers also received approval as an investment advisor.
Through this joint venture, Jio is not only entering the broking industry but could also become a major player in digital investment services in the future. The stock saw a jump upon the announcement of this news in the market.
Expansion of Loan Business
Besides broking, the company is also rapidly strengthening its loan portfolio. Recently, the company infused ₹190 crore into Jio Payments Bank. Furthermore, it has introduced a loan facility against securities, available within just 10 minutes. This signifies the company's b foothold in the digital finance space.
Jio's aggressive strategy in the NBFC (Non-Banking Financial Company) segment indicates its expansion into retail and small business loans in the future. This is viewed as a positive sign in the market.
Strong Setup Forming on Technical Charts
In the trading session of June 30, Jio Financial shares closed around ₹331.90. According to technical analysis, the stock is now trading above the upper level of the Bollinger Bands, which generally indicates a b uptrend.
The stock is holding above the crucial support level of ₹321, and the uptrend may continue as long as this support is maintained. There is a potential upside of up to 22 percent in the stock at the current levels.
Share Above Super Trend and 200-DMA
Jio Financial shares are trading above the Super Trend indicator on both the daily and weekly charts. On the daily chart, the trend is showing at ₹302, and on the weekly chart, it is at ₹271. This indicates that the buying position in the stock remains b.
Moreover, the stock is trading above its 200-Day Moving Average (₹285). For any stock, this is a long-term bullish trend signal, giving investors confidence that the stock is less likely to decline.
Golden Crossover Anticipated
Another interesting pattern is likely to form on the technical charts, known as the Golden Crossover. This occurs when a stock's 50-Day Moving Average crosses above its 200-Day Moving Average. Currently, Jio Financial's 50-DMA is at ₹280 and its 200-DMA is at ₹285. It is very close to forming this golden crossover, which indicates a b long-term uptrend.
This is considered a highly positive indicator in the market, and a sharp rally in the stock can be expected after this.
Resilience Amidst Market Fluctuations
During the trading session on June 30, when the Sensex and Nifty experienced a slight decline, Jio Financial's stock continued to climb bly. This shows that investors have confidence in this stock, and it is not significantly affected by minor dips.
This strength in the share indicates that it is not a one-time surge, but rather a sustainable uptrend is developing.
Signals Pointing Towards ₹400
In terms of technical levels, the stock has resistance levels at ₹358, ₹377, and ₹392; crossing these levels could quickly lead to the ₹400 mark. If the stock maintains the ₹321 support and a Golden Cross-like situation forms on the chart, a surge beyond ₹400 is possible.
Jio Financial is no longer just a subsidiary of Reliance; its size and strategy are transforming it into a full-fledged financial powerhouse. Its performance in the stock market and the technical signals suggest that this stock will remain on investors' radar in the coming months.
