Justdial – Trend Reversal or More Pain?Stock in Stage 4 decline, trading below 200DMA, but testing trendline resistance.
🔹 Breakout above ₹900 = bullish
🔹 Target: ₹1050
🔹 Stop Loss: ₹820
📌 Needs volume confirmation. DYOR.
#StockMarket #Trading #Investing #Justdial #NSE #BSE #SwingTrading #TechnicalAnalysis #TrendReversal #Breakout #IndiaStocks
JUSTDIAL trade ideas
Cup and handle with retestGood volume buildup in daily as well as weekly time frame.
Cup and handle breakout with good volume and after consolidation retest of price at the supply zone successfully.
Fundamentals are OK.
FII stakes are up.
NOTE: I do my analysis, do yours before trade.
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just The chart you've shared for Justdial Ltd. (NSE: JUSTDIAL) displays a classic **Cup and Handle** pattern, a bullish continuation pattern that often signals a possible upward breakout. Here’s a detailed analysis
### 1. **Cup Formation ☕**
The stock made a rounded bottom, forming the “cup” part of the pattern.
📉 During this phase, volume gradually decreased, showing limited selling pressure, meaning holders weren’t keen on offloading their positions.
- 📈 As the price hit the bottom, buyers started stepping back in, visible from the slight rise in volume.
### 2. **Handle Formation 🖐️**
After reaching the cup's top, the stock entered a consolidation phase, forming a "handle."
This handle is a brief pullback or minor correction that typically shakes out weaker hands before a potential breakout.
📊 Volume during the handle formation was moderate, showing a controlled selling with no significant panic among investors.
### 3. Breakout & Retest 📈🔄**
After the handle phase, the stock broke out above the resistance level, confirming the cup and handle pattern.
- 🔍 Notice the candle and volume spike during the breakout—this is a positive sign, indicating strong buying interest.
🔄 The stock later returned to retest the breakout level, which acted as new support around ₹1,125.55. This successful retest often reinforces the breakout, providing an entry point for cautious buyers.
### 4. **Volume Analysis 📊**
Volume patterns align with the structure: low during the cup formation, increasing during the breakout, and supportive during the retest.
Consistent volume during a breakout strengthens the pattern’s reliability, showing investor confidence in the upward move.
### 5. **Key Levels to Watch 📍**
**Support**: ₹1,125.55, the breakout level now acting as support.
**Resistance**: Around ₹1,308.85 (current price area), a level that buyers may aim to surpass.
If the price breaks above this resistance with strong volume, it could indicate further upside potential.
### 6. **Outlook 🚀**
The **Cup and Handle** is generally a bullish formation, suggesting further upside is possible if the stock maintains support levels. (no recommendation for the buy and sell)
However, always keep an eye on overall market conditions and set stop-loss orders to manage risk effectively.
This setup reflects positive momentum, with Justdial Ltd. potentially preparing for a continued rally if it breaks through its recent high.
JUST DIAL S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
JUSTDIAL - Beautiful Breakout🎯 The chart is self-explanatory as always.
🎯 We have a huge volume breakout.
🎯 We also have a sidelong 1000 mark breakout.
🎯 Something good seems to be happening here.
Note that we still have Friday to close the breakout weekly.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
#Just Dial #JUSTDIAL
Pan-India Presence
The company has ~12000 employees in telesales, marketing, feet-on-street activities deployed across 250+ cities covering 11,000+ pincodes in India. It derives 70% of its revenues from top 11 cities including Mumbai, Ahmedabad, Hyderabad, Kolkata, Bengaluru, Chennai, Delhi, etc. Its technology and R&D division is located in Bengaluru
Business Model
Paid advertisers pay a fixed fee to run search led advertising campaigns for their businesses
on Justdial’s platforms. Various premium & non-premium listing packages available which determine placements in search results. Add-on products such as banners, own website, JD Pay, JD Ratings, etc.
just dialJust Dial's Ebitda margin is seen by management as improving further after this margin expanded by 340bps on quarter in 4Q FY 2024, ICICI Securities analysts say in a research report. Management has guided for over 30% Ebitda growth and over 15% revenue growth for FY 2025, and plans to achieve at least half of this growth via price increases, the analysts note. Some of the Indian search engine provider's key strategic initiatives include automation of processes which have resulted in less dependence on workforce, the analysts add. The brokerage raises the stock's target price to INR1,260.00 from INR1,101.00 with an unchanged buy rating
Trade Idea in JUSTDIAL
Swing Trade Idea in NSE:JUSTDIAL
CMP 904
TP 1028
SL 812
Just Dial Ltd. provides local search related services to users in India. It provides local search services through various platforms such as website, mobile website, applications, over the telephone, and SMS. The firm’s latest version of JD App, is an All-in-One App, replete with features like Map-aided Search, Live TV, Videos and Stock quotes to make the life of the consumer infinitely smoother & more engaging. Its services include Local Search Service for businesses in India, Discovery of millions of products sold by businesses in India and transactions for services such as bill payments, recharge, travel ticketing and online payments. The company was founded by Venkatachalam Sthanu Subramani Mani, Venkata Challam Krishnan, Anita Mani and Ramani Iyer on December 20, 1993 and is headquartered in Mumbai, India.
SWING IDEA - JUSTDIALJust Dial , a leading player in the digital search and discovery domain, presents an intriguing opportunity for swing traders seeking to capitalize on emerging market trends.
Reasons are listed below :
Just Dial has repeatedly tested the 880-920 range and is now showing signs of breaking through, indicating potential upward momentum.
The emergence of a bullish marubozu candle on the weekly timeframe signals strong bullish sentiment among traders.
A discernible head and shoulder pattern has formed on the weekly chart, suggesting a potential trend reversal.
Recent market movements accompanied by increased trading volumes add weight to the bullish outlook for Just Dial.
The stock is trading above both the 50-day and 200-day EMAs, indicating positive price action and underlying bullish momentum.
Just Dial's recent price action signifies a breakthrough from a consolidation phase spanning over two years, potentially heralding the onset of a new trend.
Target - 1125 // 1260
StopLoss - weekly close below 848
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@visionary.growth.insights
BUY JUSTDIAL PRICE @ 699 24% ROI EXPECTEDBUY JUSTDIAL PRICE @ 699 24% ROI EXPECTED
Buy1 cmp entry @699
Target 1 @879
ROI 1 @24
Buy2 Pending entry @599
Target 2 @879
ROI 2 @46
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