JUSTDIAL LTD.Long
SWING IDEA - JUSTDIAL
Updated
Just Dial, a leading player in the digital search and discovery domain, presents an intriguing opportunity for swing traders seeking to capitalize on emerging market trends.
Reasons are listed below :
Target - 1125 // 1260
StopLoss - weekly close below 848
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Just Dial has repeatedly tested the 880-920 range and is now showing signs of breaking through, indicating potential upward momentum.
- The emergence of a bullish marubozu candle on the weekly timeframe signals strong bullish sentiment among traders.
- A discernible head and shoulder pattern has formed on the weekly chart, suggesting a potential trend reversal.
- Recent market movements accompanied by increased trading volumes add weight to the bullish outlook for Just Dial.
- The stock is trading above both the 50-day and 200-day EMAs, indicating positive price action and underlying bullish momentum.
- Just Dial's recent price action signifies a breakthrough from a consolidation phase spanning over two years, potentially heralding the onset of a new trend.
Target - 1125 // 1260
StopLoss - weekly close below 848
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.