The keyword ‘Jio Financial Services Share Price’ caught my eye on X. Curious, I checked out its charts, something I hadn’t done before. What I found was a pattern that seemed reliable and worth noting.
Jio Financial Services, a division of the conglomerate Reliance Industries, offers a range of financial products and services, leveraging digital technology to drive innovation and accessibility in the sector.
This serves as the quintessential textbook illustration of the Cup and Handle pattern. However, such unmistakable patterns often emerge only in retrospect. When the pattern is unfolding in real-time, we frequently find ourselves in a state of confusion, even when we’re fully convinced; rarely do we execute the buying. We’ll delve deeper into the psychological aspect another time. Let’s focus on the chart of Jio financial services now.
I will not be explaining cup & handle pattern. To learn click here.
On February 5th, Jio financial services broke out of the handle with notable volume. In fact, it provided an opportunity for those who lacked the courage to buy during the breakout. It retraced to its previously established resistance, which now acted as support, accompanied by decreasing volume. The most remarkable occurrences unfolded later as the price surged with both expanded range and volume.
This represents the trade that slipped through our fingers. It’s remarkably simple to offer explanations and showcase our depth of knowledge. Yet, in the grand tapestry of life, missed opportunities often teach us the most profound lessons.
Read book on chart pattern. Click here.
Always prioritize risk management and proper position sizing to ensure you stay on track towards your goals. While analysis is valuable, it’s important to acknowledge that it may not always yield the expected results. Be prepared to adapt if things don’t go as planned, and maintain a resilient mindset throughout your journey.
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