Justdialshort
JUSTDIAL narrow range breakout.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: 907
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Manage your risk and trade your plan. :)
Keep it on radar | JUSTDIAL | Positional Trade 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.
JUSTDIAL | Long Positional Trade for short-mid termNSE: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 your doubt or suggestion.
Just Dial is Going to do a Big Move ?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.
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Still preparing for a big move | JUST DIAL 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 the same as per provided earlier. Please refer it in below link.
Simple Trade Setup| JUST DIAL | Getting ready for big move.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 Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
4) If you are experience scalping trader then you can scalp between No Trading zone. Or else better to take safe trade.
5) For buy entry for 962 level breakout RSI needs to be above 50 on 15min time frame.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Just Dial is ready to make a W pattern on 9th July 2020.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. Stoploss : 371 (Little higher than the previous high candle)
4. Risk : Reward is 5.2