JUSTDIAL
Just Dial: Buy @ CMP 365.50, SL 310, Target 400, 527, 618....Just dial is a classic case of a developing major trend reversal. There is no clear traditional evidence of reversal on longer frame charts but on the weekly basis, it's showing clear signs of reversal. Since all this is happening near to the previous bottom, this weekly reversal becomes more significant. This is a medium term aggressive trade but with the lucrative risk reward. One needs to analyze this trade at every major pivot.
JUST DIAL 30 MinThe stock continues to be under pressure and the rally shows that it has reached a Fibonacci cluster confluence of resistances as can be seen on the charts. So one should look at some intraday shorts as dips towards 355 is very much on the cards. The rally towards 371-374 can also be used for shorting as markets are showing some pressure today and this stock could be targeted by the bears.
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JustDial : The Call Continues...Actually I tried drawing ABCD over there but it looked to weird & on smaller timeframe I guess there is an ABCD pattern which justifies this up move in Justdial. I don't know why I see ABCD's only Lol !
I will search for other patterns or methods.... Either you can wait for Fib touch if you are fib user or bsaed on resistance n bearish confirmation you can take short trade in Justdial
I hope the chart is more of self-explanatory one !
justdial - exhausting uptrendfor educational purpose justdial just touched the fib .382 level of downtrend with doji at top means bulls are handing over the control to bears. sell below 533 with sl of 543.5 for target 520, 516, 495. rsi is in highly overbought needs some consolidation or some correction.
JustDial - Big Trend Line Breakout It is been observed on the Weekly and Monthly chart that the price action was trading below the downward trend line, indicated a downward rally. Now, after 2 years, it has finally broken and closed above the trend line, indicating a strong bullish move ahead.
Regards