Please feel free to comment any doubts if you have , I have marked the level in the trade for tommorow.
Logic :
1. It is most likely to take last resistance as a support and bounce back.
2. RSI is in oversold zone (31).
3. Bounced back from this zone more than 8 times .
Setup :
1. 15mins Chart Time.
2. Target : 385 (The last HH which can act as a resistance)
3....
swing trade for just dial
inside pattern
wait for break
enter with proper stops as per your risk
take 50 out with 1:1 and leave rest till target keeping stops at breakeven
happy trading :)
Bearish Rejection at 407, wait for market open to see more rejections and as I said don't just dial, take a call, risk to reward is good on this one. Protect your money and use proper risk management.
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million...
We have seen on daily chart of Just Dial the major break out given above 400 level and well sustain that too. Now the for next level of the stock is 425 once the stock cross the level of 430 next target of the stock is 450 level in coming days. Now stock is moving above the 50 EMA . So add the stock in your watch list
Always do trading as per your Reward to Risk...
This is presenting a good shorting opportunity at the current levels as the stock may retrace to the lower levels of 330. If that low is broken then the next target would be 305. Just Dial did have a good earnings report though but has faced a sell of intra-day nonetheless.
