I think thats something you guys need to decide depending on your risk ability & weekend , importantly as per your trading plan :) Lol ! Typo's thats 464 :)
Trade for C 2 D, Stop : Just below 490, Target D POINT : 550
Previously we had this setup on swing trade, its target over, now we get a chance on pullback, if Market , I mean Nifty gives really a move to downside, this will be intraday setup !
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...
The stock has reversed from its resistance point of 620. Levels of 530 may be seen in coming days.
for educational purpose only - justdial is resting here for long 582 is the sl and for for short 620 is th sl (cash price). but a consolidation or bit correction till 550 is required.
for educational purpose only - just dial is a good candidate for short with sl 605 tgt 540
Justdial can bounce to 523 level It is coming out from its downtrend. So it can tgt 523 from here as on safe side put the sl level- 417
for educational purpose - justdial failed to hold price above 540 short it with sl of 551 tgt 500
for 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.
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