Just Dial LtdOverall a sideways price action. Bounced off the support. Those who have bought can keep SL at 332 and aim for 380, 400 (To allow an opportunity for exit, prices quoted before trend line)
JUSTDIAL trade ideas
Just Dial - Bullish Engulfing at channel supportNote: This is for educational purpose only.
There seems to be a bullish engulfing at channel support. RSI below 50 which is in bearish zone.
Just Dial share on bearish mode at the BD levelAt D support level broken @ level of 380 now after the BD of TL @ level of 375 will confirm to short for the target price of 360 with the SL of 385.
JUSTDIAL, RETEST OF SUPPORT, BREAKDOWN READY? (CHART# 317)JUSTDIAL is testing support line again and again and look pretty decent for break down probablity.
Weak below 353
Many more trades shared in our group. Focus on simple price action to get best results.
Thanks
Piyush Gupta
just dial testing same support several timesjust dial looking to breakout towards downwards.
SL 368. wait for the price action breakout signal then trade.
Target will be 342. use trailing stop loss after achieving the target. the downward trend might reach the next support at around 330.
Risk reward ratio : 1:3
Just Dial - Buy for 50% upside, Buyback & F&O removal to helpJust Dial is at the verge of a triangular pattern breakout, which would result in 40-50% upside.
The reason it is likely to move on upside is that,
1) the company is doing buyback at Rs700/sh. and the buyback is yet to commence. It is the 3rd buyback in 4 years.
2) Just dial is being removed from F&O series after July expiry, so there cant be any short positions thereafter
3) Valuations attractive. Stock trades at less than 10x PE on trailing basis. Further, stock at Rs 386 has Rs 245 as cash on balance sheet.
Justdial: AnalysisKeep an eye on Justdial it is on the verge of breakdown. It has been consolidating in small space since June in addition to that it has been showing green candles for 3 days in a row. Be ready for retracement then breakout.
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Stop-loss will be below previous immediate swing. Calculate your RR ratio an then trade.
JUST DIAL LTD- Symetrical Triangle (Bilateral)See the chart for analysis.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Question on NSE:JUSTDIALAs of now at trend line resistance.
Good support around 360.
If bought hold..
JUSTDIAL, 1 YEAR LONG TL BREAKOUT AWAITED (CHART# 311)JUSTDIAL is trying to break this year long TL for 5th time which makes it high probable.
It is also trading around crucial price of 400.
Above 400, it can try for 414 in no time and then if sustain can try for 438-39.
Must have on your watchlist in the coming week.
Watch my other idea on ZEEL & previous submissions to learn about simple price action trading process.
Thanks
Piyush Gupta
JUSTDAILStock is looking good to buy at these levels. Stock has touched the demand zone 3 times and bounced back, Expecting the stock to go up from here.
Just Dial share on bullish mode .Stock of just dial is on bullish mode & trading near the resist level of 380 . After the BO level of 381 long entry can be taken for the next level of 405 with the SL of 364. RSI level is also on the bullish level. So add the stock in your watch lsit for further price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
JUSTDIALOn the way to breakout / breakdown to a new zone...
Levels on chart...
Comment your views..
@ VishwajeetSharma
