Just Dial - Breaks out Downward Trendline (Buy). The price action breaks out from the prevailing downward moving trendline and indicates bullishness. Targets can been taken to 61.8 Fibonacci levels at 495, stoploss 464
JUSTDIAL trade ideas
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 *****************************************
BUY BUY BUY ...................here is the Daily Chart , where the Index made a new high with higher impulse ,
N right or wrong doesn't exist , when u have a confidence
so take position on your risk
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.
BUY JUST DIAL AT 550 SL 524 TGT 600 CHART LOVERS BUY JUST DIAL MADE FOR EACH OTHER CANDLE PATTERN IS FORMED ENJOY PROFITS IF YOU BUY
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.
