People stand next to a logo of Jio Financial Services ahead of its listing ceremony at the Bombay Stock Exchange in Mumbai, India, August 21, 2023. | Photo Credit: FRANCIS MASCARENHAS

The stock of Jio Financial Services rallied 3.2 per cent on Monday and broke out of the resistance ₹248. Thus, after a downtrend and some consolidation, the fresh breakout serves as a strong indication that the trend is turning bullish.

Supporting the same, the price is now above both 21- and 50-day moving averages. There is a chance for the stock to see a minor correction, possibly to ₹245, its 50-day moving average.

But we expect the stock to eventually gather positive momentum and rise to ₹275 in the near term. So, we suggest buying now at ₹253 and accumulate at ₹245.

Place initial stop-loss at ₹238. When the price rises to ₹262 and ₹268, alter the stop-loss to ₹255 and ₹262 respectively. Book profits at ₹275.

Video Credit: Businessline

Note: The recommendations are based on technical analysis. There is a risk of loss in trading

Published on April 28, 2026