Towards a new highjustdial ltd has consolidated for a long period of time and there is a positive RSI divergence along with rising volumes.
We can expect the stock to move towards 700 / 920
JUSTDIAL trade ideas
Just dial breakout from an ascending triangleI am bullish on this for three reasons:
1) A close above ascending triangle with a decent volume and a close above it signals a good upside run from here.
2) Price increase with an increasing open interest indicates a long build up
3) A gap open a few days ago which hasn't been tested.
Good luck.
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.
JUST DIAL ANALYSIS ON 06 MARCH 2018
JUSTDIAL TREND CHANGER LEVEL AT 431
LAST CLOSE AT 435.35
JUSTDIAL FINDING STRONG RESISTANCE AT 441
STOCK ONCE CLOSE BELOW 431 LEVEL CAN TEST UPTO 425/420/410
JUSTDIAL INTRADAY Levels
LONG ABOVE FOR 437 TARGET=441-445-450 STOPLOSS=432
SHORT BELOW FOR 431 TARGET=425-420-415 STOPLOSS=436
Just Dial: near-term reversal pattern.A near term Head&Shoulder reversal pattern has been completed with today’s rally above 402. Prices should rally towards the pattern projection at 475 over the coming days and weeks. On the longer term, a large double bottom seems to pan out. For this pattern to become valid, prices need to clear ~625.
Justdial Short IdeaWell, it is a low-risk high reward setup and it's Justdial. Please keep the stop loss strict and update the TSLs as mentioned.
Descending triangle formation Just DialJust dial has formed a descending triangle pattern with support between 520-517. If it breaks this support it can go all the way to 500 and further to 480 in a short time frame.
Just Dial..Long set up........Long correction is encountered IN JUST DIAL...Buy with medium term view....
BUY JUST DIAL 479-480 SL below 475 JUST DIAL might give a positive breakout. Its a low risk trade with better profit opportunity......
Book profits Intraday Just dial recommended yesterday at 480 has given fantastic returns . Todays top made is 511 so far. and there is still steam left for upside. However intraday traders can book profits.
