AbhishekHSinghCMT
Long

Just Dial - Harmonic Butterfly at 355-357 for 365-375 Target

NSE:JUSTDIAL   JUST DIAL LTD
As I always say have patience in trading & you shall get rewarded later. Bullish Butterfly in 355-357 zone likely it should hold between 355-357 or if it goes below 355 Then look for prices to hold above 350.

You need to see reversal happening above 350 levels - any move below 350 levels(stops below 350) -this pattern becomes invalid.

Target - 365 - 375

Stops below 350
Trade active: 09:35 Hrs 17th July2017

Last Price@353

We are still watching this stock for reversal.
Trade active: 09:44 Hrs 17th June2017

Last Price@349

350 has been breached downside- it has set weakness for 325-330 levels on downside
Trade active: 11:41 Hrs 17th July2017

Last Price@361

Prices taking u-turn but let us not hurry & let it settle down if you are thinking to buy so
likely we get a chance back close to 353-354 so we will wait next.

If taken sell then look to exit in 352-354
Trade active: 12:08 Hrs 17th July2017

Last Price@363.50

Surpassed 365

We are looking for 352-354 zone & close buy as to see whether it holds downside above with recent low@347 as stops if at all bulls are interested next.
Trade active: 14:26 Hrs 17th July2017

Last Price@359.50

Taking lot of efforts to come down but it is trying best from 364-365 as suggested above.
Trade active: 14:28 Hrs 17th July 2017

Last Price@359-360

Moving above 365 next it can attempt 375 next target level.
Trade active: 14:51 Hrs 17th July2017

Session Low@357

Now moving next above 360-361 - We get to see 365 & above 365 for 375.
Trade active: 14:58 Hrs 17th July2017

The Picture for the day - Returns to 355-356 -

As updated earlier in the day above --------------------------------

Trade active: 11:41 Hrs 17th July2017

Last Price@361

Prices taking u-turn but let us not hurry & let it settle down if you are thinking to buy so
likely we get a chance back close to 353-354 so we will wait next.

If taken sell then look to exit in 352-354.

snapshot
Trade closed: target reached: 10:31 Hrs 20th July2017

Last Price@374-375

Target 2 done & out.

snapshot
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
@AbhishekHSinghCMT : Thank you so much for such a fantastic analysis. Hats off to you.
I made quick profit because of you only.
Reply
@rakeshgupta, Welcome
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I DONT KNOW whether what i did was right or wrong but i traded justdial @ 351based on 200% fibonacci support at 347on daily initially when 348.40 was touched in the morning and again it broke to touch 347.8 , where in 5 min chart it showed a reversal candle waited for it to breach 60 min high 352 then bought @351 with stop at 347 and now it has pulled back to tho swing high of 60 min to 364-365
Reply
@ndtv501, No method is correct -incorrect. If you feel comfortable with positions. Next important thing is risk management.
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ndtv501 AbhishekHSinghCMT
@AbhishekHSinghCMT, ok thanks , The risk reward attached to the harmonics has got me into this.

But cracking the Point D is little confusing as of now , but i hope to improve my self through your posts
Thanks
Reply
can buy if holding 350 on the closing basis?
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@ManojKumar09, As if now it is looking doubtful so we have to wait below 350 it is prone for more weakness downside as updated above.
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SatyamMishra AbhishekHSinghCMT
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@SatyamMishra, I have been updating as price moves next.
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In@356
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