JUSTDIAL - chart - 985120
JUSTDIAL LTD.
#JUSTDIAL is moving in a narrow range from more than a week now and has formed an NR9 pattern in DAILY timeframe .
The price is facing a strong SUPPORT from the DEMAND ZONE 378-381.
RSI is below 40 and represents downtrend.
TT2 30mins trend is Bearish .
Once the Demand Zone is broken with Volume and Conviction, the next Support on the Charts is 371. After breakdown, the Demand Zone will act as a Resistance.
On the upper side once the resistance level of 393 is broken, the next resistance is 406/413 on the 30mins chart.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.