JUSTDIAL : Be ready to enter the up trend

Technical chart analysis of JUSTDIAL

JUSTDIAL has started it’s upward momentum. Anything above 402 is a BUY.

Lets see the charts in all three time formats.

JUSTDIAL Monthly chart

After a long term down trend, and double bottom in monthly chart, It all set to climb back.
Lets see weekly and daily charts to confirm.
JUSTDIAL Weekly chart
Last week and this week have confirmed that it is forming a double bottom bounce back. It has a long way to go.
JUSTDIAL Daily chart

There is only a light resistance around 400. Anything above 402 is a buy entry.

BUY above 402
Stop loss : 375
Target : Not fixed. Long way to go. Or untill the break of support trendline.


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