JUSTDIAL
JUSTDIAL 680 || LONG || INTRADAYBUY above 680 SL 678
Targets 682, 685, 688, 670, 675, 680, 685, 690
OR
JUSTDIAL 29AUG 680 CE (₹11)
just dial- breakoutjustdial- probability of breakout( wait for a monthly close) from 2.5 year sideways range
Indian stock - (JUSTDIAL) - long term viewBuying low range blue or weekly close above pink. Long term target 1000 plus
JUSTDIAL gave pin at resistance and fake breakoutFake breakout and pin at resistance
STRICTLY:
below 540 sl 546
for 534-527
JUST DIAL - MOMENTUM SEENJUST DIAL
CMP 577
Target 900 plus
Stop 480
1) Stock possibly in the process of rounding bottom (RdB) formation.
2) Stock is currently forming a strong rectangular base in the bottom, with the high of the base at the Stocks first ever price tick open.
3) Stock more likely to break the high of the base as significant volumes seen in last few trading sessions and given the fact that currently , within the base, the stock is consolidating with a minor flag pattern.
4) Aggressive investors can buy at CMP but has to face the risk of the low probability event of stock retracing from the high of the rectangular base towards the bottom of the base in which case stops will protect; Conservative investors can wait for the stock to breakout and then enter; Breakout region is approximately around 625-630.
BUY JUST DIAL 479-480 SL below 475 JUST DIAL might give a positive breakout. Its a low risk trade with better profit opportunity......
JUSTDIALI am expecting this counter to march on upward if its able to sustain above 460 level tomorrow than it can go upside to 520+++560+++600 within 6 weeks
JUST TO GO UPI'll be getting into a long trade 1st thing on Tuesday.
SL would be 449 and Target would probably be 507 - 518 - ( I'll exit if I'm in doubt )
Tuesday (16-Aug ) being the Results Day, I'm expecting some screwup to happen.
Take the case of SBIN, The results were pretty bad and yet Stock Prices Shot up. However, the Chart did Show Signs of a Bounce the previous Day. I'm hoping the Pattern and the Numbers will do the same for JustDial on Tuesday.
SL=449 *****************************************
Just Dial - Breaking out Down Trendline on Daily Chart (BUY)The price action has reached to the bottom and now we have noticed a breakout from a prevailing downward trendline which indicates a positive sentiment emerging in the price action. I have also noticed a MACD crossover and also RSI getting out from oversold areas. This also indicates positive sentiments. On weekly and Monthly chart I noticed a double bottom and doji formation, that signals a trend change.
It is trading at good risk reward and it is wise to take positions on current levels.
Target 1 : 600
Target 2 : 630
Stoploss : 540
Short-term bearish on JustdialJustdial seems to be in an upward correction. We might have a shorting opportunity below the lower trendline break (of the small upward channel) as it happened sometime back. Following this push down, there's a potential for the start of a big up move.
Just Dial - Long Setup (Elliott Waves)It looks like a completion of a Elliott wave cycle as we can observe 5 impulse moves to the upward and 3 correction moves to the downside, retracing the entire impulse move by 50%.
As per the analysis, it is a good time to take a long position for the next month future expiry.
Trade Long, Trade Safe.
JUST DIAL - LONG TERM BUY CALLThe company has no debt and rising income that suggest long term healthy prospect in the coming years.
As per technical, the Elliot wave completion of wave 5 and now I expect three reversal waves to levels 1090.
It is an ideal time to accumulate this one.
Stay long, stay invested.
