RSI correction on JustdialRSI correction on Justdial
Trade:
Short below - 398
Target 1 - 394
Target 2 - 390
Stop loss - 403
JUSTDIAL
JustDial Bullish Cypher Pattern SetupIt is been observed on hourly chart that the price action is forming a Cypher Pattern formation.
Target: 379
Stoploss: 372
Justdial to continue further down trend. Justdial has been trading in down trend and trading in a channel although channel is wide enough, now it is on the edge and it may be a deciding level whether there will be a breakout upward or further down side is seen, technically stock is not looking enough strong to break upside and it may trade further down ward from here with a target below somewhere between 300-280
Just Dial - Breaks out Downward Trendline (By)The price action breaks out from the prevailing downward moving trendline and indicates bullishness. Targets can been taken to 61.8 Fibonacci levels at 495, stoploss 464
JustDial Correction Completed.. Buying Opportunity!!JustDial's correction is potentially completed which also retested the breakout trendline around 78.6% fibs. One can go long on the stock at current levels with Potential Start of 3rd Wave Rally which would take the stock higher and at a faster pace. Short terms targets are around 750 and longer term targets are around 1000 levels and more. Details are on the chart. Its just my view and not a trading call for anyone.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com
Twitter: twitter.com
LinkedIn: in.linkedin.com
