JUSTDIAL COMING TOWARDS MAJOR DEMAND ZONEJustdial 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
Justdialtechnical
JustDial | positional buy trade.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 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 | TRADE THE BREAKOUT OR BREAKDOWNThe 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.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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.
******* Knowledge Purpose only ********
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a profit or will not result in a loss.
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
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.
Reliance bought Justdial Follow me on trading view: in.tradingview.com
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 bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
JUSTDIAL : Strategy#1JUSTDIAL
- 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