JUSTDIAL trade ideas
Amazing breakout on Weekly / Daily Timeframe - JUSTDIALCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
JUSTDIAL COMING TOWARDS MAJOR DEMAND ZONEJustdial gave a dream run from 565 to 1100+ and we also saw a good retracement from top. The zone 673 - 653 looks a good demand zone and one can stat accumulating the stock for good returns.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
JUSTDIALJUSTDIAL:- The stock was running in parallel channel for a long time, now it has given a breakout of the upside trendline of that channel and is trying to sustain above the resistance, if it sustains, then you can make a plan for upside, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Keep an eye on this explosive stock!Justdial is one cash stock which has always given wild intraday moves.
The stock has given a breakout of a resistance trendline and has given a weekly closing above the decisive level of 700.
This stock can blast in the coming week but be sure to book quick profits in the stock or trail SL. 790 happens to be the next major resistance but there are minor resistances at 727, 750.
This idea is shared for educational purpose and it is not a recommendation. Kindly trade as per your own analysis.