can we expect Big Move either side in Just Dial ? here is the answer
1. In a range from past 16 Trading sessions.
2. Falling volume.
3.continuously taking Support @ 962 levels.
4. Facing Resistance @ 983 Levels.
Increasing Volumes either side will Result in big Move.
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose...
Bullish, Looks good for a risk
- Strong bullish channel for a year
- Good buyer volume dominating sellers
- Price nearing the bottom of the channel
- Last few red candles showing weakness
NSE:JUSTDIAL
Today also it traded and closed in the range and also get support from the lower level of the range and took resistance from the 21DMA on daily time frame.
For Buy Side positional trade can be take once the 21DMA is broken for minimum of 5-6% move with SL of 940 level.
Do comment your doubt or suggestion.
For intra-day levels, it will be...
NSE:JUSTDIAL
Observations:
1) On daily time frame it has been trading in the range since 26 Jul 2021. Break on either side will give good move.
Higher range for breakout is 982 level and lower range for breakdown is 945.55.
Please refer Chart below: daily time frame.
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Trade Setup for Date 23-08-2021:
1) Don't...
GOOD VOLUME IN LAST TWO SESSIONS. THE STOCK HAS RETESTED SMALL BREAKOUT AND NOW SEEMS READY TO MOVE UP AGAIN. RESISTANCE CAN BE SEEN ON THE TRENDLINE. CLOSING ABOVE THAT LEVEL SHOULD CONFIRM FURTHER RUN.
While the impact on the share price of Just Dial is primarily over, the stock may still be able to sustain these levels. If Rs.1000 is held, then I would suggest going long in this stock. Remember, the main party is over but now this is a Reliance Group Company.
news and conviction based fakeout trendline signal baised swing trade with small loss and medium profit.
(FOR SWING TRADERS)
buy @ 1025
Sl @ 975
tgt @ 1110
*FOR EDUCATIONAL PURPOSE ONLY*
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We have good news lets see how to trade it on charts with proper risk management rules and setups :)
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are...
Just Dial is in the resistance zone (1050 to 1300)
The cup and handle pattern is in formation.
Suggesting to accumulate in trendline channel with the SL of 815.
Targets with successful formation of cup and handle or break-out of the channel as below.
T1-1300
T2-1455
T3-1580
T4-1695
The stock has given the breakout from the previous top and looks good to buy if sustains above today's high for the marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
JUSTDIAL
- Filtered from Strategy#1
- Triangle breakout
- Good volume
- Good to enter till near Zone.
- R:R good
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
