Justdial is ready to breakout on DAILY time frame. If it crosses the previous day low & gives closing above the previous closing price then a good move can be expected.
After good channel consolidation trying for Breakout
we will take entry only above 920 closing
Note - Consult with your advisor befor taking any entry or exit
Just Dial has given Tri-Angle Breakout on the daily chart. Also given the Rounding Bottom breakout on the daily chart. All oscillators indicating bullish movement ahead. We can expect an overall pattern target as 1350 in Mid-Term. Also, we can expect a target of 1033 in the near term.
Gave a breakout with very good volumes. Tested the Breakout area on low volume. Now setting up nicely with fresh volumes coming in.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY...
This is my analysis . I do not recommend any entry. Use your judgement, wisdom and analysis for entry.
Looks like descending triangle consolidation breakout will happen soon and then eventually symmetrical triangle breakout. Be Dynamic and change your strategy as per market move. Stop Loss should be on individual risk appetite.
The stock price is in the symmetrical triangle pattern. The volume is also increasing recently by a significant amount and it is also giving closing above the levels of 850.The recent launch of the JD Mart app and the rumour about the Tata Digital participating in the stock has been a positive sign for the company. It can test the levels of 830 to 850 for a bigger...
