Justdial gave a dream run from 565 to 1100+ and we also saw a good retracement from top. The zone 673 - 653 looks a good demand zone and one can stat accumulating the stock for good returns.
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InvestPro India Team
Just dial forming a bear flag and breaking down below 580 will open gates for retesting 530 - 520 zones which was a previous low.
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InvestPro India Team
Buy above 898.40 for a Target of 957.55 with a stop of 875.40 or below
Justdial being in the business of Advertising should benefit from post covid lifting of restrictions.
Kindly refer chart for details.
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Request you to post your comments or suggestion.
Justdial is trading in a Triangle Pattern and may breakout or break down anytime soon. Trade as per the opportunity for marked targets on the chart.
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InvestPro India Team
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.
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InvestPro India Team
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...
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...
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...
