Just Dial has denied news reports, and has said there has not been a data breach of 100 million users on its platform. It added, there was a vulnerability on its older version of the app which has now been fixed. The stock is down over 3 percent.
but according to my chart analysis just dial become very bullish share
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Double bottom formed at 420. Neckline at 520 around.
Big Surge in volume today in the candles testing the breakout level. (Confirmation)
Buy @500
SL 465
Target 545/570/590+
Buy back news is still cooking on Just Dial and it's been on whipsaw up and down. But it's holding its levels above 585/586 I would be interested, else one more round of bottom side test might happen.
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Just Dial
Resisting near 615-620 levels.
Three Peaks have been formed at these levels.
Breakout above these level can only bring upward rally in the stock.
If resisted , may again test previous swing low.
Just Dial result is awaited . Chart looks positive their is huge put writing at 500pe .
I go long with stop of 560 / buying 2lot of 600ce at 20.5 with stop of 14.
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