In a festive season recommendation, market expert Sumeet Bagadia of Choice Broking has selected Jio Financial Services (JFL) as his 'Christmas Pick 2025'. The analyst is betting on a technical rebound for the financial services player, which was demerged from Reliance Industries in 2023, despite its largely range-bound performance over the past year.
The Stock's Recent Performance and Bagadia's Bullish Call
On Wednesday, shares of Jio Financial Services closed marginally higher at ₹298.85 on the BSE, up 0.05% from its previous close of ₹298.70. The stock has been subdued for most of the year, declining nearly 2% in 2025 so far. It has shed 0.6% in the past six months and 2.5% over three months. Currently, the scrip is trading about 12% below its peak of ₹338.45, which it hit in August 2025. However, it has also rallied impressively, gaining over 50% from its 52-week low of ₹198.60 recorded in March 2025.
Amid the holiday mood and a quieter broader market, technical analysts like Bagadia are highlighting selective opportunities. His specific recommendation for Jio Financial Services is based on an improving technical structure and signs of accumulation.
Entry, Target, and Risk Parameters
Sumeet Bagadia has recommended buying Jio Financial Services at ₹300.50, with additional accumulation advised on dips up to ₹285. He has set a target price range of ₹335 to ₹350 for the stock. The analyst has identified ₹285 as a crucial support level.
Explaining his rationale, Bagadia noted that the stock has shown strength after consolidating within a defined range and forming a solid base. This pattern suggests steady accumulation and improving demand at lower price points. On the weekly chart, the stock is forming a Flag and Pole pattern, which typically signals a continuation of the prior trend. A decisive breakout above the immediate previous swing high on the daily chart could trigger fresh upward momentum towards the target zone.
Technical Indicators Supporting the View
The technical setup appears supportive of a positive move. The stock is finding strong support near the 100-week Exponential Moving Average (EMA). Furthermore, a recent crossover where the 50 EMA moved from below to above the price adds to the evidence of underlying strength and trend stability.
Momentum indicators also align with this constructive outlook. The Relative Strength Index (RSI) is currently around 46, indicating a neutral consolidation phase and leaving ample room for potential upside movement. Based on this analysis, Bagadia suggests a buying strategy at the current market price with additions on declines.
However, he also highlighted key risk parameters. A breach below ₹275 would act as a critical warning signal, challenging the positive setup and warranting a cautious approach from investors.
A Strategy for Traders and Medium-Term Investors
Overall, the 'Christmas Pick 2025' recommendation for Jio Financial Services presents a technically driven strategy with clearly defined parameters. It offers specific entry levels, upside targets, and downside thresholds, making it suitable for traders and short- to medium-term investors looking to capitalize on a potential continuation move in the stock.
Disclaimer: The views and recommendations are those of individual analysts or broking companies. Investors are advised to consult certified experts before making any investment decisions.
