If the previous record of this stock is checked, it may be noted that this stock is always following the channel. Presently price very near the value low where investors can take their position.
The current price is 550 - Support of value 525 nearby = 25 points patience is required.
You can make your Trade Setup by using this distance of the 25 points.
I will...
Justdial performing good at results and the fundamental is strong in this company, as per candle break out buy at current level 583-586 and hold for medium term 2-3 mths expected target of 750, keep stoploss as 565(if day candle closes below).
Just dial is in an uptrend with good volumes. The area of 596-600 is a confluence of two Fibonacci ranges. Sustenance above 600 can be used to initiate longs till 615 where resistance from 200 EMA can be seen. If 615 levels are broken, stock can travel upto 630-633 levels Intra-day.
ONCE A STOCK BREACHES A TREND LINE ON CLOSING BASIS IT MUST RETEST IT AND THEN CONTINUE ITS USUAL PATH SO IT MUST ONCE COME DOWN TO TRENDLINE AND BOUNCE BACK UP STOP LOSS IS HORIZONTAL LINE ON CANDLE CLOSING BASIS IN 15 MINUTE TIME FRAME
NOTE: VERY RISKY TRADE AND TRADE AT YOUR OWN RISK
