Like King Edwards VIII, I found my true love in Justdial. The stock adores price actions and also, is high beta. Anyways, Let’s analyze Justdial. The bounce chart has been plotted and we can clearly see the lower highs and lower lows in this perfect downtrend.
But, here are some points in interesting order -
The candle A, candle B and the last day’s candle...
It has given a diagonal breakdown which indicates 4900/4400 as possible areas before any major respite comes. On the other hand immediate resistance is at 6250 above that 6800.
Weekly chart have seen a perfect bounce from a bullish Ichimoku Kumo, which coincided with a Bullish Harmonic Alt Shark in daily time frame. In hourly it appears to be consolidating after doing a 38% retracement. Support comes in at 1530-1510 which had decent volumes, below that retest of Alt Shark 1.13 at 1470. Immediate resistance 1670, above that 1725. So far...
NSENG:NSE50
Just a Thought: Not for Trading Purpose
NIfty has been free-falling all Due to COVID 19 and the same for Gold, Commodities everything.
Chart that Nifty has the following in Pre 2008 Level and Post Market Crash in respect to USD/INR.
Similar kind of Trend can be Observed as marked inboxes.
Levels are marked for reference purpose only
Can we say...
still room left for correction around 980-1050
>>It has clearly negative divergence on monthly chart(big time frame) and low volume lifetime high
>> nifty has same negative divergence
>> whenever you find on big time frame just pull your hand for buying because sooner or later it will plays out!
>> this is for investor only because traders do not have such long...
![JUSTDIAL: [Watchlist] Justdial Bounce Analysis](https://s3.tradingview.com/z/zyPmrj1y_mid.png "[Watchlist] Justdial Bounce Analysis")
