Perfect Entry Point For Jio Financial Services Stock? Here's What Amar Singh Says

Is Jio Financial Services Stock Ready for a Breakout? After a period of sideways movement over the past six months, with a marginal decline of 4%, Jio Financial Services has bounced back into action. On Tuesday, November 3rd, the stock surged over 3%, closing at ₹342 with a gain of ₹12. Over the last five trading sessions, JIOFIN has delivered a robust 5.6% gain and a 7% increase in the past month. Should you consider entering this stock now? Amar Singh, Sr Vice President - Research, Angel One, highlights a positive trend, noting that JIOFIN has successfully moved above the critical ₹330-335 zone, which previously acted as strong resistance. The stock now faces its next resistance at ₹350-360 levels, but the daily charts suggest strength, hinting at further upside potential. For detailed analysis and expert strategies on how to approach Jio Financial Services, watch Business Today TV’s exclusive coverage!