JIOFIN could potentially reach a price of 430

JIOFIN (Jio Financial Services) stock is currently trading at 370 as of April 21, 2024, 01:12 AM IST.

In the chart shown in the below image, a cup with a handle pattern is formed on the daily chart. chart did breakout at 375 levels successfully. Though we got the breakout, it may be a trap. In order to confirm the formation of a cup with a handle pattern, the chart needs to show the closing above 390 levels on the daily chart.

The chart in the image above speculates the complete picture of a cup with a handle pattern. According to the pattern in the chart, the target price is around 430.

There is news in the market that JIOFIN will start asset management and broking business with Blackrock. This is very good news for JIOFIN and can help reach the target very soon.