prashanttejura
Short

JustDial may be shorted with SL 515 for 467-70 tgt.

NSE:JUSTDIAL   JUST DIAL LTD
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Recent weekly price action suggests weakness could persist further in coming month. Look to go short with SL 515 for 467-70 target to complete 50% Fib retrace & may reverse position thereafter i.e Switch to longs near 467 with SL 460
Trade closed: stop reached
Trade closed: target reached: After stop, target exceeded ;)
Yesterday click my like, but I was busy to make a comment.

Earlier I was also expecting JUSTDIAL to find a target 690 , but not meet the expectation it fine a res: 620.


And now I am having a similar view.
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As per my learning .50 is not part of Fib retrace its just added. at .50 we cant give 100% assure it will go down. Until it touches .618 we cant assure. Please let me know if i say anything wrong.
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No Matter even you shout in the ears of Retail traders , they will still buy when price shoot up by 3 Point get stuck with it , No retail traders are ready to understand the facts of Technical analysis
Your work is good
Regards
Shivakumar
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