JUSTDIAL trade ideas
NSE: JustDial Dialing Breakdown below 459 to 410NSE: JustDial Dialing Breakdown below 459 to 410
Brief 1 year price range consolidation 640 to 360, price oscillating between this range
Chart is showing weakness built up. Triangle formation shown bearish move.
One can initiate Short at current level @ 476 with stop loss 498/512 for a target of 459, 410.
Break below 410 can push price further to 370.
Just Dial - The Dream stock of Swing TradersIt is showing perfect swing low and perfect swing high as per the theory of bounce.
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It is not a trading idea but an example showcase for later reference.
Short Just Dial on Support and ResistanceI think that Just Dial will fall on last day of December. Stock has taken support on 504 and on 31st it may cross 504 level.
Just Dial Breakout of Congestion for your benefitHey Friends,
Congestion in stock market trading is referred to the period when the stock loses its volatility and forms an area which is called as (VCZ) Volatility Contraction Zone. As a trader its our prime duty to identify the VCZ’s. Once we identify the VCZ then there are several steps to take to the benefit of a trader.
What to do if you identify Volatility Contraction Zone ?
You must love that you have found VCZ, as the prices are not meant to stay in that zone for a longer time and sooner you will get absolutely fantastic BIG-BIG move in the stock.
The first and foremost thing to do is to not to trade in the VCZ
Look out for levels where the stock can break above or below the VCZ
Look out for reduction in volumes as well
Forming higher / lower bases
To know more about just dials pattern go and read below
STOCK : JUST DIAL | RECO: BUY | PRICE: 496-490 | STOP : 474 | TARGET : 558
Observations on the Chart:
Just dial has formed a congestion zone among the two blue horizontal lines
Once it has broken the zone and fallen to 465 see near base 3
Earlier also a a congestion zone formed see yellow eclipse
The stock has recently been creating higher bases see base 1, 2 & 3
Twice the stock has trapped the bears see black circled areas
also there is ascending triangle pattern formed in just dial see the Horizontal red line at 513 and a upward sloping blue trend line
Currently the stock is quoting around 502 once the stock falls to 496- 490 ( one can think of Entering long (see point EL) in Just dial and keep a protective stop loss at 474 (see point XL 1) and expect the price to inch higher towards 558 see point XL-2
Questions to ask your self
Have you ever been caught in congestion zone or Volatility contraction zone?
If yes what have you done after that ?
How to not get trapped in such VCZ ?
Trading Mantra:
It’s not what we do once in a while that shapes our lives. It’s what we do consistently. _ Tony Robbins
Thank you for Sharing…
Happy Reading…..
Happy Trading…..
Be A Wealthy Trader
#JUSTDIAL CASH : LOOKS GOOD AROUND 498-502 O#JUSTDIAL CASH
27 DEC 2018
LOOKS GOOD AROUND 498-502
STOPLOSS 490
TARGET 512/524
CMP 508
BUY JUSTDIAL ABOVE 510 I am having 5 years of experience with good skills. Watch out my calls for a week. You can feel how safe is your capital
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#JUSTDIAL CASH : LOOKS GOOD ABOVE 502JUSTDIAL CASH
17 DEC 2018
LOOKS GOOD ABOVE 502
STOPLOSS 498
TARGET 506/512
CMP 492
just dial a shortshort trade setup with green lines as targets.
do hit like and share your opinion in the comments.
let's Do Some Speculation.Technically JUSTDIAL has no clear view. It Struggles to break double bottom neck line , if it Break and sustain above neck line then TGT must be above 600( Supportive market is also a need ).
As per my experience and looking at risk reward ratio... LET'S DO Speculation ;-)
Just Dial. Could make a move soonish.Check out my analysis on longer time frame for Just dial to see why I am bullish on this.
This has a pretty good demand zone at 490-495 levels. It could retrace to the that level before starting the next wave up or consolidate at these levels for a day or two. Support and resistances marked on the chart. I would open a long position only after it breaks overhead resistance or wait for it to retrace to the lower support zone.
Good luck
JUST DIAL ON A "FLAT BOTTOM PATTERN"JUST DIAL MAKING FLAT BOTTOM PATTERN TO GO UPSIDE FOR 3-4 MONTH HORIZON
BUYING STRATEGY BETWEEN 505-520
TARGET -- 560 -- 600 -- 645
BUY ON DECLINE -- 480--500
STOP BELOW 470
TIME FRAME -- 3-4 MONTH HORIZON
