Change of Polarity With Good Q2 Results.NSE:JUSTDIAL on Weekly Timeframe Changed its Polarity (Resistance acting as Support),
After giving a Breakout and retesting it, it Accumulated in the 512-576 Range. Now, With Good Q2 FY 24-25 Results, it looks good for positional Techno-Funda Trade above 1400 Levels on the Weekly Timeframe.
NSE:JUSTDIAL is the market leader in the local search engine segment in India. The Company provides local search-related services to users across India in a platform-agnostic manner. The multi-platform offering includes an App (Android, iOS), a mobile website, a desktop /PC, voice, and text.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
JUSTDIAL trade ideas
Swing Last in 2015 this stock given breakout but at retest level it failed and came down to 335
Then tried multiple times to give breakout at the same level of from where it falled in 2015
But this time in 2024 this green BO candel closed above the resistance line and while retesting it sustained it support line from where it falled in 2015.
When reversal came it closed above its resistance line in Day Tf also in week Tf also
BULLISH
Cup with HandleApproximately 140 weeks Cup with handle pattern.
RSI and volume showing strength.
Price is good and has not gone up as business has performed well in past 5 years.
Business growth is around 30% and profit margin growth is above 100%.
STOCK HAS NOT MOVED MORE THAN 50% IN PAST 5 YEARS.
Rs. 3,938 crore reserve and surplus.
EPS, ROE,OPM,NPM,ROCE,ROA all have increased more than 100% for last one year.
Company with no debt.
Technicals are very good.
JUSTDIAL - Weekly AnalysisIn the Weekly Chart of JUSTDIAL ,
we can see that, it has given a very Large Cup & Handle breakout.
Let it retest the Trendline and create a Bullish Pinbar or Doji candle or W shape recovery so that we can have an entry with SL and Target.
Just Dial Limited - Breakout Setup, Move is ON...#JUSTDIAL trading above Resistance of 1180
Next Resistance is at 1754
Support is at 817
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
JUSTDIAL [for swing]JUSTDIAL This stock Multi-year breakout with high volume spike today getting last movement upper circuit so .. buyer are very aggressive looking .
Price Pattern:
There is a cup and handle pattern forming, with the cup's bottom forming around the 2022-2023 period and the handle forming recently.
The breakout from the handle is a positive sign and could lead to a strong upward move if it holds above the resistance.
Trend Channel:
The descending channel (handle part of the cup and handle) is shown, and the recent breakout from this channel is a bullish signal.
Targets (TRG):
The chart shows two target levels: the first target (1st TRG) around 1400 and the second target (2st TRG) around 1800. These levels can be considered as potential profit-taking points.
Volume Spike:
The green arrow indicating a volume spike suggests increased buying interest. This can be a sign of accumulation, which is bullish.
Swing Trading Points
Entry Point:
A good entry point would be on a pullback to the breakout level, around 1200-1250, which is now a support zone.
Stop Loss:
Place a stop loss below the support zone, around 1150-1180, to limit potential losses if the breakout fails.
First Target (1st TRG):
Aim for the first target around 1400, as indicated on the chart. This level is likely to encounter some resistance.
Second Target (2st TRG):
If the price momentum continues, the second target around 1800 can be considered for additional profits.
Volume Confirmation:
Keep an eye on the volume. A continued increase in volume on upward moves will confirm the strength of the trend.
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
Just Dial - Cup& Handle BreakoutJust Dial :
Cup and Handle Breakout Done
Potential left for at least another 10 percent
Need to see
JUST DIAL - Huge Potential | Multibagger PickPrice Analysis & Overview:
1. Reversal Started
2. Earnings are strong.
3. Weekly Time Trendline break and retest.
4. Moving with demand
5. Trying to break 2 years of resistance level.
Monthly Tf view:
Trade Plan:
Entry = CMP will be aggressive (SL will be big) / best entry will be around 900 - SL will be small and RRR will be favourable.
Long-Term View - Multibagger Pick
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Long JustdialPerfect pyramiding opportunities for big players
quant MF recently added just dial
Higher highs and higher lows weekly Timeframe
cmp 981
sl 875
target 1300
Britannia | FMCG | Buy opportunity for 400 points moveHello friends,
In sector #FMCG sector will going to rock soon.
as #Britannia stocks has just breakout with superb move of 400 points in single day. Now it consolidate and soon it looks to break again and may give same move of 300-400 points.
Keep this stock in your tracking list and do your own analysis for this stock and participate on your risk management framework.
Give your like | Comments if you like my post.
Thank you.
Stock To Watch While Market Corrects. JUSTDIAL.Stock To Watch While Market Corrects.
JUSTDIAL.
justdial stock has made breakout of a 3 year high on a monthly chart and is currently taking pullback to retest the breakout zone. It might be one of the stocks to watch while the market discounts.
Entry: 951- 1061
Sl: 782
TGT: 1448
TGT2: 1879
Note: Manage Your Risk and Follow Money Management Properly.
Amazing breakout on Weekly / Daily Timeframe - JUSTDIALCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in Daily TF.
JUSTDIAL - 3 Years Consolidation / 10 Years Downtrend BreakoutJUST DIAL LTD
1) Time Frame - Monthly.
2) The Stock has been in a Consolidation since (June, 2021) & in a downtrend since (August, 2014). Now It has given a Consolidation and Downtrend breakout & Closed above it's (June, 2021) High with good bullish momentum candle & with good volume in Monthly Time Frame.
3) The next resistance would be it's Life Time High (1894.40) in the long term.
5) Recommendation - Strong Buy
#justdialJust dial has given a Monthly close above 2015 Breakdown point with rising volumes, hinting towards a trend change alert. It has made a 9 year rounding bottom in process of doing so.
Also, it has given 10 years old falling trendline breakout
justdialJustdial is the market leader in local search engine segment in India. The Company provides local search-related services to users across India in a platform-agnostic manner. The multi-platform offering includes App (Android, iOS), mobile website, desktop /PC, voice and text
JUSTDIAL BREA-KING OUT FROM INVERSE H&S SUPPORTED BY SOUND P&LJustdial is the market leader in local search engine segment in India. The Company provides local search-related services to users across India the profit for the same have zoomed more than 100% also the company has diversified itself into various sub-divisons . it has great momentum and a prolonged rally can be witnessed within coming weeks
2 Swing trading ideas for 22 April marketsI daily make educational content videos for swing / positional trading
JUST DIAL - SWING TRADE - 9th February #stocksJUST DIAL (1W TF) - Swing Trade Analysis given on 9th Feb, 2024
Pattern: CUP AND HANDLE
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #justdial #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment
Just dial breaking resistanceWait for pullbacks or consolidation then enter. Each entry should not have more than 7-8% stop loss.
JUSTDIAL : Booked a profit of 16.76% on the invested capitalI closed this position a few days ago since it reached a key inflection level. As expected, the price did crash afterward. However, I still believe that the price may rally further upside towards the upper trendline of the parallel channel. But this move might take time, and there are better opportunities that I can capitalize on in the meantime. Hence, I decided to book profits and move on. I'll consider re-entry if the price crashes and falls back to the lower trendline of the parallel channel.
📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
just dial looks positive for long term Just dial looks positive for a long term. in the hand of reliance industries and available at great valuations.
JUSTDIAL- 10 years old TL breakoutJUSTDIAL is testing its 10 years old TL and Important resistance zone.
Target- 1100
A = B, Possibility is good.All details on chart. Do not trade without a Stop Loss.
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