JUSTDIAL trade ideas
Justdial looking good for intraday Just dial broke the uptrend channel and in 15 mins & 5 mins time frame looking good for shorting in intraday. Only if it reacts the resistance 775 and forms a good bearish sign then enter the trade (short) otherwise just neglect the trade. Target would be 751 to 749. Before enter the trade do your own analysis.
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LONG opportunity in just dial
Justdial is consolidating on daily timeframe since one month. its breaksout can give approx 12-13%profit within few days or week.
Enter only after it breaks 985 put stop loss of 3.5% (must) and take profit at nearly 1115 or 1120 and wait for the volume to spike up and then u can enter
risk reward in this swing trade is 4:1
NOTE: This is just a trade setup idea dont follow it blindly,do your own analysis and dont forget to manage your risk. YOU ARE MASTER OF YOUR 0WN WEALTH.
consolidattion phasejust dial is in consolidation phase , when ever its break its consolidation phase it has give good return in past too,
Once its break a consolidation phase we can expect 15/20 % return ,
buy above 985 on closing basis , major hurdle at 1035, once its cross tgt is 1138
take your own trading decision,
happy investing .