Long just dial at current levels
Candle stick formation looks good in weekly chart with multiple rejections from a high demand zone and also a harmonic bat reversal pattern
Confirmation can be buying above 800 level
Possible targets on charts
SL of around 8-10%
Great risk reward NSE:JUSTDIAL
BUY JUSTDIAL at CMP
Trade Setup WIT
Target and stop loss mentioned on chart
Initiate trade according to your trade plan, This is for education purpose only.
Just Dial is a risky bet considering the sluggish financials of the company.
However, as per stock's past trend, return of 50% can be achieved in very short span of time (within 20-25 days). Keep a strict stop loss as shown in the chart and hold the position for minimum 50% return on the up side.
Long just dial above 800 . All important levels are given on charts. Very high probability to stock move up from the current level. The bullish green candle is seen at the support level. Also RSI level indicates the movement of stock & forms a positive divergence. This is for your educational purpose only.
JUSTDIAL is stuck in a very narrow range, between 983 and 945. Generally when price moves out of the range, on which ever side it does, it travels further in that direction for about the width of the range. One can go long or short keeping the following levels in mind:
LONG ABOVE: 983
STOP LOSS: 945
TARGET: 1021
SHORT BELOW: 945
STOP LOSS: 983
TARGET:...
Long Just dial above 995 after the BO of TL for the target price of 1050-1075-1115 with the SL of 945. High probability trade setup . Good risk to reward trade. the stock is consolidation for long time & expected to BO the level. This is for your educational purpose only.
NSE:JUSTDIAL
In August 2021, it was consolidating in range of 946-982, and since Mid of Sep 2021, it has been consolidating in smaller range of 982 to 990.50.
Breakout on either side will give a good move. Upside target can be 1008,1025,1041 in short-mid term.
Also Today's volume 29-09-2021, has crossed 21 Day average volume.
Please refer below chart.
The stock is consolidating in the 40-45 points range since the last 24 Trading sessions, one can take Buy or Sell Trade once the stock would break this range on either side and we may see a sharp trending move.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:JUSTDIAL
Just Dial has given a breakout from Bollinger band squeez for over a month.
Once the Break sustains above 990-1000 its a Buy for Target of 1200+ which is 20% upside
NSE:JUSTDIAL
Finally Today it took support from 21DMA on daily time frame and gave good up move and now major resistance is 982 level range.
On sustainable breakout of 982 one can take long position till target of 1080 for short-mind term with SL of 955.
Please refer below chart : Daily time frame.
Hope I made it easy to understand it.
Do comment...
Just Dial - Cmp 981.75
Keep on radar for long position. There is positive price action seen with good volumes after long consolidation of more than a month. Possible targets could be 1025/1070/1120.
