SWING IDEA - JUSTDIALJust 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 :
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
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