IS JUST DIAL FORMING SYMMETRICAL TRIANGLE FORMATION. IF SO NEED TO LOOK OUT FOR BREAKOUT. YOUR COMMENTS PLEASE? CORRECT ME IF I AM WRONG
JUST DIAL CMP 577 Target 900 plus Stop 480 1) Stock possibly in the process of rounding bottom (RdB) formation. 2) Stock is currently forming a strong rectangular base in the bottom, with the high of the base at the Stocks first ever price tick open. 3) Stock more likely to break the high of the base as significant volumes seen in last few trading sessions and...
ENTRY DETAILS: PAIR: JUSTDIAL ORDER: BUY ENTRY : 535.40 STOP LOSS: 475.66 TAKE PROFIT : 604.84 R:R = 1:1.23
JUSTDIAL waiting to buy on bottom flag pattern continuing
JUST DIAL might give a positive breakout. Its a low risk trade with better profit opportunity......
I am expecting this counter to march on upward if its able to sustain above 460 level tomorrow than it can go upside to 520+++560+++600 within 6 weeks
I'll be getting into a long trade 1st thing on Tuesday. SL would be 449 and Target would probably be 507 - 518 - ( I'll exit if I'm in doubt ) Tuesday (16-Aug ) being the Results Day, I'm expecting some screwup to happen. Take the case of SBIN, The results were pretty bad and yet Stock Prices Shot up. However, the Chart did Show Signs of a Bounce the previous...
The price action has reached to the bottom and now we have noticed a breakout from a prevailing downward trendline which indicates a positive sentiment emerging in the price action. I have also noticed a MACD crossover and also RSI getting out from oversold areas. This also indicates positive sentiments. On weekly and Monthly chart I noticed a double bottom and...
Justdial seems to be in an upward correction. We might have a shorting opportunity below the lower trendline break (of the small upward channel) as it happened sometime back. Following this push down, there's a potential for the start of a big up move.
It looks like a completion of a Elliott wave cycle as we can observe 5 impulse moves to the upward and 3 correction moves to the downside, retracing the entire impulse move by 50%. As per the analysis, it is a good time to take a long position for the next month future expiry. Trade Long, Trade Safe.
The company has no debt and rising income that suggest long term healthy prospect in the coming years. As per technical, the Elliot wave completion of wave 5 and now I expect three reversal waves to levels 1090. It is an ideal time to accumulate this one. Stay long, stay invested.
The stock is in a downtrend and it will be a good opportunity to short this stock at 950-60 levels because 1. It is retracing at 61.8 2. It fills the gap Wait for now, till we get to 950 levels
Currently, selling is anticipated as per the candlestick charts and lower levels till 872 can be seen within 1-3 weeks.
JustDial(NSE) Potentially completed its Correction with an W-X-Y pattern within the parallel channel. One can buy now with Stoploss just below the lows and target at 1200 and 1600.