It is been observed that the price action taken a strong support at 400-410 levels and it shall further take it up from current levels. A low risk, high gain setup.
Target1 - 420
Target 2: 440
Stoploss: 395
It is been observed on the Weekly and Monthly chart that the price action was trading below the downward trend line, indicated a downward rally. Now, after 2 years, it has finally broken and closed above the trend line, indicating a strong bullish move ahead.
Regards
The price action breaks out from the prevailing downward moving trendline and indicates bullishness. Targets can been taken to 61.8 Fibonacci levels at 495, stoploss 464
Just Dial Limited is a local search engine company. The Company is engaged in providing search and related services. It is also engaged in other information service activities. The Company offers its services across various platforms, such as voice, Web, mobile Internet and mobile applications. It provides search plus transact services across various categories and platforms, and JD Omni services for its customers. It offers an array of search plus services, including order food online, book a doctor's appointment online, book movie tickets online, book a cab/flight/bus online, order grocery online, schedule a laundry pick-up online and schedule a courier pick-up online, among others. JD Omni is a cloud-based solution, which can be accessed over cell phones and allows controlling and monitoring capabilities to business owners through a dashboard. The product allows small businesses to manage their inventory, billing and third-party logistics. It operates in India and Outside India.
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