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Just Dial Bullish Reversal Pattern on Short Term Time frame

  • Madan Gopal
  • Nov 28, 2019
  • 1 min read

Just Dial:- Just Dial has been in the down trend for last few months (July to November). The Lower High and Lower Low has been here. At the bottom of this down trend a Bullish Head and Shoulder Pattern has got developed here in the November month. The stock has already given the breakout of the Neckline with high volumes. Other indicators are also supporting the momentum in the stock. There is a bullish crossover of EMA, Bullish crossover of MACD AND Signal Line above the 0 level signaling the strength in the momentum and ADX above 22 also indicating the strength. Stop loss will be placed below the right shoulder and the target would be the difference of head to neck, add this difference to the breakout level. 1hr Chart Analysis

 
 
 

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