JUST DIAL: Getting ready for a big moveJust Dial is consolidating in a very short range at a support level which was previously acting as a resistance for the price to go up.
JUSTDIAL trade ideas
Just Dial Cmp 973 dated 9.8.2021Just Dial Cmp 973 dated 9.8.2021
1. Rectangle BO @ 985
Buy above 985 for a tgt of 1025-1050-1070 SL 945
It is just a view, pls trade at your own risk.
JUSTDIAL LTDGOOD VOLUME IN LAST TWO SESSIONS. THE STOCK HAS RETESTED SMALL BREAKOUT AND NOW SEEMS READY TO MOVE UP AGAIN. RESISTANCE CAN BE SEEN ON THE TRENDLINE. CLOSING ABOVE THAT LEVEL SHOULD CONFIRM FURTHER RUN.
Just dial - buy on dipsBuy from cmp to 940
easy target 1010
tg2-1055
Disclaimer : This is my personal analysis for study purpose not intended for trading
JUSTDIAL - Price and Trend SetupJUSTDIAL is showing gain in RS against BSE SMALL CAP INDEX. Stock is also taking support of doji candle created on weekly TF.
JUST DIAL - The Bigger the Base the Higher in SpaceShare price has witnessed upmove from a depressed base of 5 years.... combine it with the reliance retail takeover and the stage is set for a steady climb once the share changes hand and the new promoters are in the driving seat. Stop loss and targets given in chart
JUST DIAL. LTDThis stock is trying to give multiyear breakout you can see above chart the price is giving respect to trendline , more then four times it has tried to give breakout , if it gives break out it can break all time high , fundamentally the stock has good potential , its almost debt free company , since 2018 the promoter holdings is also been increasing . now 2021 July Mukesh Ambani has also invested in Justdial he is the major stake holder holding more than 65% in Justdial . TECHNICLES ;- CURRENT PRICE 989 STRONG SUPPORT IS 960 THE VOLUME IS INCREASING DRASTICALLY ANY ONE CAN ENTER AT THIS PRICE ALSO FOR MEDIUM TERM.
Reliance Retail buys Stake in Just DialWhile the impact on the share price of Just Dial is primarily over, the stock may still be able to sustain these levels. If Rs.1000 is held, then I would suggest going long in this stock. Remember, the main party is over but now this is a Reliance Group Company.
convection news trade (high risk)news and conviction based fakeout trendline signal baised swing trade with small loss and medium profit.
(FOR SWING TRADERS)
buy @ 1025
Sl @ 975
tgt @ 1110
*FOR EDUCATIONAL PURPOSE ONLY*
Reliance bought Justdial Follow me on trading view: in.tradingview.com
We have good news lets see how to trade it on charts with proper risk management rules and setups :)
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
Just DialJust Dial is in the resistance zone (1050 to 1300)
The cup and handle pattern is in formation.
Suggesting to accumulate in trendline channel with the SL of 815.
Targets with successful formation of cup and handle or break-out of the channel as below.
T1-1300
T2-1455
T3-1580
T4-1695
JUSTDIAL LOOKING GOOD BUYThe stock has given the breakout from the previous top and looks good to buy if sustains above today's high for the marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
JUSTDIAL is now 1111.35 from 920. 20% gain in 45 Days.On May 27, 2021 Shared JUSTDIAL.
#JUSTDIAL can be bought once it gives, closing 886
On May 30 it confirmed the breakout.
Now it is 1111.
Almost 20% returns in 1 Months and 15 Days.
All Details are there on the chart.
Hope you liked the call.
I am NOT a SEBI registered advisor or a financial adviser.
Any of my investment or trades I share on my blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice.
JUST DIAL CUP & HANDLENSE:JUSTDIAL
CUP & HANDLE PATTERN ON CHART.
after 1st Rounding Bottom Stock made Breakout but it appeared as a False Breakout.
after correction stock has made fresh breakout once again forming Cup & Handle Pattern.
one can trade on Correction or Retesting Support level with STOP LOSS at below breakout Candle.
** EDUCATIONAL PURPOSE
Just dial has given the breakoutBreakout has happened with cup & handle formation with decent volume.
Keep an eye!
Keep supporting! Keep earning!
Just dial - LongJust dial short term
Long side
Buy on-trend line retest 1094
long target - 1278
Short side
Sell below 1075
short target - 930
