Jio Financial Shares Fall 3% to 214 Levels: Time to Buy the Dip?
Jio Financial Services shares are on a downward trajectory shedding more than 3% on Friday. JIOFIN fell to a low of 214.36 and is attracting bearish sentiments in the charts. The stock has plummeted close to 28% year-to-date and traders who took an entry position in 2025 are experiencing losses. Sensex opened Friday’s bell in the red crashing by 900 points while Nifty 50 fell by over 270 points.
Also Read: What’s Happening With Tesla (TSLA) Stock?
The markets have been on a relentless dip since October as foreign institutional investors (FII) exited with a load of more than $1.2 billion. This put the markets under pressure as the daily sell-off put the index into a slow crash mode. Jio Financial Services shares have now reached its launch price of August 2023 and are back to square one in the charts.
Also Read: Nvidia (NVDA) Stock Falls 8% Following Poor Q1 2025 Outlook
Buy the Dip on Jio Financial Shares?
The stock market could have a longer downturn and a quick recovery from here looks impossible. FIIs heavily invest in the Chinese stock market as the prices are much lower. Taking an entry position now in Chinese sectors could pay off massively when the index surges. Therefore, Jio Financial Services shares are yet to bottom out and could head south further in the indices.
Also Read: Ripple XRP: Can Price Still Reach $4 This Altcoin Season?
It is advised to keep money in hand and not take an entry position at this moment. The best shot to enter JIOFIN could be when the stock falls below the Rs 200 mark and trades at Rs 170 to 190. Going long from this price point could be beneficial as Jio Financial Services shares have a solid background and might become a multi-bagger in the long term.
Retail traders are under the spotlight as their investments have tanked for the first time since the 2020 COVID-19 fall. The bull market has come to an end paving the way for the bearish grips. JIOFIN might now take longer to recover as the road to its ATH is high.
Read More
Bitcoin Poised for Violent Decoupling From Global Markets, Expert Says
Jio Financial Shares Fall 3% to 214 Levels: Time to Buy the Dip?
Jio Financial Services shares are on a downward trajectory shedding more than 3% on Friday. JIOFIN fell to a low of 214.36 and is attracting bearish sentiments in the charts. The stock has plummeted close to 28% year-to-date and traders who took an entry position in 2025 are experiencing losses. Sensex opened Friday’s bell in the red crashing by 900 points while Nifty 50 fell by over 270 points.
Also Read: What’s Happening With Tesla (TSLA) Stock?
The markets have been on a relentless dip since October as foreign institutional investors (FII) exited with a load of more than $1.2 billion. This put the markets under pressure as the daily sell-off put the index into a slow crash mode. Jio Financial Services shares have now reached its launch price of August 2023 and are back to square one in the charts.
Also Read: Nvidia (NVDA) Stock Falls 8% Following Poor Q1 2025 Outlook
Buy the Dip on Jio Financial Shares?
The stock market could have a longer downturn and a quick recovery from here looks impossible. FIIs heavily invest in the Chinese stock market as the prices are much lower. Taking an entry position now in Chinese sectors could pay off massively when the index surges. Therefore, Jio Financial Services shares are yet to bottom out and could head south further in the indices.
Also Read: Ripple XRP: Can Price Still Reach $4 This Altcoin Season?
It is advised to keep money in hand and not take an entry position at this moment. The best shot to enter JIOFIN could be when the stock falls below the Rs 200 mark and trades at Rs 170 to 190. Going long from this price point could be beneficial as Jio Financial Services shares have a solid background and might become a multi-bagger in the long term.
Retail traders are under the spotlight as their investments have tanked for the first time since the 2020 COVID-19 fall. The bull market has come to an end paving the way for the bearish grips. JIOFIN might now take longer to recover as the road to its ATH is high.
Read More