Justdial:346.60 is at double bottom support area. My earlier post about the breakout from the falling TL didn’t attained the expected target690, but it reached 620 an came down. Here is another signal kind of a Double Bottom with a positive divergence in indicator. My minimum expectation is only 436. on crossing that level it can move to 620. stop:327
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Moving up slowly
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Going to be true again
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Good move
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365 zone worked as a strong support & reached the resistance level 435. Piercing through this resistance can take JD to 500 level. The MACD is in Bullish zone now.
Hi,looks good. I am thinking of taking a position tomorrow,however just a little worried of the trend resistance.
padiyara
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That is definitely a resistance, but need to take a light caution only, as we are at the end of a swing, with two valid signals.
The DB & PD. @NamantSatiya, So Don't worry be happy.
I prefer to make a bottom pick, most of the time it is successful with technical, the idea I learned from the Market is to make maximum gain,
with small losses. So dont believe in me, believe in the system and be cautious and use the 327 stop strictly. :D
I am not forgetting my friends and viewers, but getting in to track slowly, I really miss many of you.
To All my viewers.
Happy Independence Day
NamantSatiya
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@padiyaraa, definitely two strong signals,support and positive divergence on the RSI.
would be getting in,lets hope for the best
sausawan
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Welcome Sir after you short Vacation..
Is Just Dial stock fundamentally good? Stock actually fell even after posting good Sales and profit number for June quater.
padiyara
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@sausawan, Justdial is fundamentally an average one, not very sound. Debt free and Its ROE is showing 21%,
Sales growth is almost double in the past five years, but PROFIT GROWTH is marginal.
Now look at the quarter numbers, its highest is almost 40cr for that last several years.
that is what ,I mentioned earlier in the comment hoping a better September numbers.
The negative I found about JD is that the promoter holding is some 33% only and
it has a huge percentage of other Income included in its accounts.
sausawan
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@padiyaraa, Thanks Sir. Appreciate your quick response !!
Can you please throw some light on Sanghvi Mover? Its beaten to pulp due to poor quarter number. Fundamentally looks OK. RSI now at 13 and looks attractive (oversold). 46% promoter holding and many good small cap mutual fund also has position in this stock. Seems to have long term support at 138-140.
Please suggest your expert opinion. Is it OK to take short to medium term position at CMP 155?
padiyara
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@sausawan, First of of all small caps never go for short term investment.
Read more about the stock , gather all information, try your best to know about the stock.
It is a good and healthy approach. I appreciate your endeavor.
my two cent.
yah stock made a poor show in the last quarter, and investor must wait to see a good quarter in such situation before entering in this scrip, cannot take risk,
Also there are news about illicit trade ,insider trade etc.
sausawan
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@padiyaraa, Thanks for your advice. Will keep in mind.
DSKF16
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Agreed. a little bit divergence also seen in W%R. I think above 436 & before 620, 489 & 535 looks crucial.
padiyara
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@DSKF16, To see higher numbers, the fundamentals are to be improved too.
If the September shows greater than 40 cr, it will be fine. :D