JUSTDIAL trade ideas
just dial As all of us know know that there was a huge fall in the Indian stock market today the fall was such huge that there was was nifty lower circuit breakdown today and the markets freezed for an hour after that there was huge recovery from 8500 market started again and then again touched the 10000 mark. Now let's get back to the main topic. So today this stock Just dial was in my watch list and just like each and every stock fell like pack of cards in the opening session of the market the same was the condition of just dial and after that stock made a very sharp recovery and i actually started to watch this stock in the last few hours so after the quick recovery the price of the stock was range bounded for few hours and i was waiting for the range break so that i can grab any trading opportunity out of it. So as per the expectation there was a range break in this stock but it was too late to grab the opportunity there was a upward range breakout which was too late to be traded as the closing bells rang.
so will look forward to trade in just dial for atleast 10 points towards upwards well it all depends on the market if the market opens on a high then will definetely go upward for just dial.
JUSTDIAL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Bear Market Strategy: Bottom Fishing on Gap Down - Example INow, when a big gap down occurs to any stock along with the index (which happened in last Friday because of Corona Virus), the first thing that mostly occurs is more fall because of margin expansion triggering selloff from brokers.
After some point though, as you can see from the above chart, We can trade the stock with help of bounce theory because people having shorts cover their shorts creating a short covering.
The initial gap works like resistance first.
But if broken, the next resistance is where the gap fills.
It happens because of the long unwinding created by mostly intraday traders thanks to our inbuilt herd mentality. Also, because of that same reason, patterns emerge!
JustDial waiting for breakout either side.Justdial:
If returns inside demand zone line, can easily touch mid level of 500.
Failure below 455 will probe to 400.
The needed stimulus to make a start for holing JUSTDIALI am getting a lot of comments and messages on my channel for JUST DAIL. There is two way to trade on this stock:
1) buy at bottom 469
2) buy above 484
Yeah, I have already entered the call option of 500 strike price at Rs 11 nearby.
How you can identify patterns Friends all of you know that ending diagonal represents and ending of trend , and you can visually look the pattern it is
making an very narrow price movements ,
One can wait for strong close on daily for Going long and look to book near the forecast in cash holdings and F & O can trade with respect to trailing stop methods
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March 04;2020 Just Dial|Catch if you can|Analyse it before tradeBefore trade look on Candle position (Close of candle).
For Intraday
The needed stimulus to make a start for holing JUSTDIALSuppose to close today 484 above, then hold long position and CALL option.
I have activated this stock to buy when it was traidng 469 today.
Ref.
Long Just DialPrice action is giving divergence on daily. Small SL of 480 can be placed.
Disclaimer: Ideas for educational purpose. Give a thumbs up if you like.
