Justdial is at crucial support. Will it breakout?It seems that JustDail is at crucial support level. Will it breakout give huge gains? or will it further down?
JUSTDIAL trade ideas
RSI correction on JustdialRSI correction on Justdial
Trade:
Short below - 398
Target 1 - 394
Target 2 - 390
Stop loss - 403
JUSTDIALJUSTDIAL looking bearish but have support at 350 so good buy near 350 sl 350 tgt 390-450+++ also in next 3-4 montha
Just Dial- Symmetrical Triangle Breakout- Buy SetupAs seen Just Dial has been contracting in a narrow range forming Lower highs and higher lows (Symmetrical Triangle)in the hourly chart. Lately, it has given a breakout on the upside with good volumes.
Target- 400, 410, 425, 445
Exit- 378
JustDial Bullish Cypher Pattern SetupIt is been observed on hourly chart that the price action is forming a Cypher Pattern formation.
Target: 379
Stoploss: 372
JustDial- Magical Rectangular Box -An Amazing Journey 500-350Kissed the channel bottom at 350 lows. Currently trading at 375
JUSTDIALJUSTDIAL taking support at 350 if bounce from here then again 400-450-500 on your screen.. as i am given shortat 500 now done my target 350.. so its support for justdial.. or if break that level and close this then 300 target or if break 300 then target 100 only
Justdial to continue further down trend. Justdial has been trading in down trend and trading in a channel although channel is wide enough, now it is on the edge and it may be a deciding level whether there will be a breakout upward or further down side is seen, technically stock is not looking enough strong to break upside and it may trade further down ward from here with a target below somewhere between 300-280
Channel Breakout LongConditional Buy:- Next Trading session if you see Just Dial trading above 442, Go long for target of 457.
Target 1:- 457
Target 2:- 468
SL:- 436
JustDial- Bang on Target- Dialled A Correct Number 510485How ecstatic you feel when you want to reach someone & you connect him on the first attempt- That's how I felt as I dialled the correct number on Just Dial- expected a bullish opportunity only if rectangular box was taken out on top else I was expecting 480-485 zone to be kissed on the downside.
Vow - It kissed 485 -Bang on Target.
Just Dial- Wait for Price Action to cross center bandLikely If Just Dial Crosses the center band which comes roughly in the area 535-540 zone -shall give important clue that It wants to head up & end its downtrend which started in Aug2014 Highs@1894
Since Aug2014 highs@1894 -It has been falling into a channel.
Just Dial- Closer Look - Let Rectangular Box be Taken out on TopThere is a consolidation in the form of a rectangular box - likely If Just Dial crosses & sustains above 520 -522 zone -One can look to stay bullish or else looking out for a support in the handle 480-485 with the rising trendline & observe for a bounce to take any buying opportunity.
Go long @ JustDial target 1 - 575 , target - 650 , SL - 450JustDial target 1 - 575 , target - 650 , SL - 450
Just Dial - Breaks out Downward Trendline (By)The price action breaks out from the prevailing downward moving trendline and indicates bullishness. Targets can been taken to 61.8 Fibonacci levels at 495, stoploss 464
JustDial Correction Completed.. Buying Opportunity!!JustDial's correction is potentially completed which also retested the breakout trendline around 78.6% fibs. One can go long on the stock at current levels with Potential Start of 3rd Wave Rally which would take the stock higher and at a faster pace. Short terms targets are around 750 and longer term targets are around 1000 levels and more. Details are on the chart. Its just my view and not a trading call for anyone.
Happy Trading!!
Siraj Hudda, CFTe
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