JUSTDIAL
It may be noted that this stock is follow the channel, JustDial.If the previous record of this stock is checked, it may be noted that this stock is always following the channel . Presently price very near the value low where investors can take thei r position.
The current price is 550 - Support of value 525 nearby = 25 points patience is required.
You can make your Trade Setup by using this distance of the 25 points.
I will update shortly the daily chart for this stock.
Fibonacci confluenceJust dial is in an uptrend with good volumes. The area of 596-600 is a confluence of two Fibonacci ranges. Sustenance above 600 can be used to initiate longs till 615 where resistance from 200 EMA can be seen. If 615 levels are broken, stock can travel upto 630-633 levels Intra-day.
JUST DIAL CHASING THE TRENDLINESONCE A STOCK BREACHES A TREND LINE ON CLOSING BASIS IT MUST RETEST IT AND THEN CONTINUE ITS USUAL PATH SO IT MUST ONCE COME DOWN TO TRENDLINE AND BOUNCE BACK UP STOP LOSS IS HORIZONTAL LINE ON CANDLE CLOSING BASIS IN 15 MINUTE TIME FRAME
NOTE: VERY RISKY TRADE AND TRADE AT YOUR OWN RISK
Just Dial is a buy at CMP 625 #JUSTDIALJust Dial is bouncing back from very crucial support after getting accumulated for almost three years. In the latest Sep-19 quarterly results, the company has posted the highest revenue and net profit in recent quarters. Moreover, this is a debt-free company and trading at 16 PE. Stock can be bought at the current price of 625 for 100% return in the near future.