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Just Dial Ltd - Parallel Channel - Fib - Short

Short
NSE:JUSTDIAL   JUST DIAL LTD
Just Dial has support @ weekly time frame at 580 and Resistance at 772. Also It has support @ daily time frame in 325, 442 and Resistance at 660.

As per Fib retracement level, already the script has broken levels 0.236 - 385, 0.382 - 469, 0.618 - 605 and 0.786 - 701.

Now the script was retraced to 0.618 - 604.

If the script break the retracement level of 0.618 - 604 and break the weekly support of 580, then the script we further retrace to 0.382 - 468.

Entry- below 580
SL - Above - 660
Target - 468-470

Disclaimer: Kindly do your own analysis before executing the trade.