Just Dial, Bearish Engulfing.Long term resistance at 647,
Overbought in Daily and Weekly chart.
Bearish Engulfing at 30min chart.
JUSTDIAL trade ideas
[Positional] Justdial Short Sideways TrendFirst, we can see it is on the upper range of a sideways trend. But if we see the futures chart, it has a muted rise!
As per OI data (unofficed.com)
unofficedforum.s3.dualstack.us-east-1.amazonaws.com
It is in support of fall only. Where we can not monetize the fall properly as futures prices are already down!
The PCR is 0.64 which is shit. It means two times calls are sold instead of one put sell almost.
We need to short the future but if we see the stop loss in the equity which is around 40 points upside -
It is absurd as futures being in discount the entry is at far below!
This is the first target. The max pain is also at 560. As per money flow, unless there is fundamental cue (which is not here), it will test this level once before it decides where to go next.
This is target II and There should be a consolidation here for sure as we can see many transactions at this level.
Resistance became support!
We will exit full here. So the end line is -
Short Justdial Futures at 603.3 with a stop loss at 620. Target I is 562. Target II is 545.
JUST DIAL is in the HUGE #BULLISH Triangle. . . ELLIOTT WAVEJUST DIAL is in the HUGE Triangle. . . ELLIOTT WAVE ROXX. . I LOVE EW A LOT !!!
I HOPE YOU ARE LEARNING SOMETHING NEW FROM ME. THANKS.
JUST DIALLEVELS ON CHART
B = BUY ABOVE
S = SELL BELOW
T = TARGET
BOOK 70% ON FIRST TARGET REST TRAIL
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.
JUST DIALPresenting two options:
Short in between 560 and 555 for targets of 550 / 544 and 537. Stop loss 562.
Saucer shape is observed at a neckline of 575. If it crosses 575, then go long.
JustDial.. Wild moves Coming SoonJustDial
Buy Above 525.. TGT 570, 600... SL 480
Hold&Earn
(For Educational Purposes Only)
JUSTDIALJUSTDIAL Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.https://www.tradingview.com/script/lqS4a5pU-Blue-Sky-Plus-Day-Positional-No-Repaint-with-Alerts/
Seems to be Bullish!!!Analysed levels mentioned on chart....
Note: I may not actively update idea on time so please add alets on given prices and targets...
just dialalways check out if my analysis is correct or not,
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don't forget to see what happened in next day and answer in comment if you like it
JUST DIAL - BreakOut awaitedBreaking the trendline - it will go long or short.
Right now it is consolidating phase.
