There is a consolidation in the form of a rectangular box - likely If Just Dial crosses & sustains above 520 -522 zone -One can look to stay bullish or else looking out for a support in the handle 480-485 with the rising trendline & observe for a bounce to take any buying opportunity.
עסקה פעילה
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12:13 Hrs- IST-8th Sep2016 Inching closer to the rising trendline. Current price-497
עסקה פעילה
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12:10 Hrs- IST-9th Sep2016
Very likely that Just Dial Should go in the zone 480-485 as expected in the update.
תגובות
KADAMBALASAHEB
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wow amazing prediction bang on spot .....lets see how it reacts ....
anilpalan
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Sir,
Thanks for appreciating.
anilpalan
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Sir,
Would you suggest to buy near rs. 480-485 ?
WaveTalks
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Yes, that could be a zone for buying, but need to a get a bounce from that zone, if it does so then you enter -buy otherwise it will break that rising trendline as well.
anilpalan
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Ok, Thanks. Today I made a mistake of buying @ Rs. 206/- guessing (looking to the strength) that it would soon cross Rs. 220/-. Now, I wish to average somewhere near bottom. The stock is in short trend since long and I guess that any rise would be of temporary nature. This is my personal view and opinion.
WaveTalks
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You mean to say 506 & looking for a cross above 520 -correct
anilpalan
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Yes, and now I realize that I was in a hurry. I had put a limit of Rs. 506 when the stock was quoting Rs. 508. Anyways, it was a small quantity so no worry.