JUST DIAL

Flash News Investment - - YOUR TECHNICAL PORTFOLIO GUIDE - - Sat­nam Singh Bal

Can I buy shares of Just Dial at present?

BUY JUST DIAL, BUT ONLY ABOVE RS 561

Just Dial is cur­rently trad­ing at Rs 524. Its 52-week high/low stand at Rs 619.45/Rs 318.20 made on March 17, 2017 and De­cem­ber 27, 2016, re­spec­tively. Con­sid­er­ing the daily time frame, the stock had at­tempted a round­ing bot­tom break­out, but it has seen re­sis­tance at those lev­els for the last four trad­ing ses­sions. The stock saw huge vol­umes but wit­nessed a neg­a­tive crossover af­ter hit­ting the over­bought zone. Re­cently, the stock has taken sup­port at 38.2% re­trace­ment level on a clos­ing ba­sis. Go­ing for­ward, the stock may cor­rect some more up to Rs 490 or Rs 474 in the first place. Hence, we sug­gest you to en­ter only above Rs 561 on con­fir­ma­tion of the up­side

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