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.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
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.
Thanks & Regards,
Request you to post your comments or suggestion.
NSE:JUSTDIAL
It closed above 200DMA with higher volume than previous day fall.
next immediate resistance is at 950 level.
Above 950 is safe buy till 1000 level. And above 1000 level it can hit 1040 and 1070 & 1105 level in short-mid term.
Keep SL below 880 level range if you are going to take fresh position from above 920 level.
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:...
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.
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...
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...
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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...
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
The stock looks good to buy for a 10-20% profit.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
JUSTDIAL Analysis Is Given The Chart.
SELL BELOW 780
SL 820
TARGET 760 725 665 615
NOTE:- HARMONIC WILL BE ACTIVATED BELOW 780.
IT IS A NON F&O STOCK. SO EITHER YOU EXIT YOUR LONG BELOW 780. AND TRY TO SHORT IN INTRADAY ON RISE.
FRESH BUYING OPPORTUNITY IS AT 615 - 620.
NOTE:- I AM NOT SEBI REGISTERED . ALL THE ABOVE ANALYSIS SHARED IS MY PERSONAL OPINION.
![JUSTDIAL: [SHORT TERM] BUY JUST DIAL](https://s3.tradingview.com/q/QHhZQ8pF_mid.png "[SHORT TERM] BUY JUST DIAL")
