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
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...
here is the Daily Chart , where the Index made a new high with higher impulse ,
N right or wrong doesn't exist , when u have a confidence
so take position on your risk
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.
MASSIVE DOWN RALLY IN LAST TWO DAYS IN DIS STOCK BUT TODAY ON DAILY CHART THERE IS LONG LEG DOJI CANDLE .ITS VERY SIGN FOR PRICE REVERSAL .ENTRY STOP LOSS AND TARGETS GIVEN ON CHART.
HIT LIKE IF YOU AGREE WITH MY PLAN AND FOLLOW ME FOR MORE UPDATES AND IDEAS . I REALLY APPRECIATE THAT.
TRADE WITH CARE
REGARDS
KING999
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
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.
