Just Dial Limited (JUSTDIAL) Stock - Complete Technical Analysis - Nov 13, 2024

Just Dial (JUSTDIAL) Stock Technical Analysis: Key Support & Resistance Levels Explained Price Ac

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Just Dial Limited (JUSTDIAL) is currently trading at 1,061, which is 23.93% below its 52-week high of 1,395 and 52.46% above its 52-week low of 696. The stock is experiencing a consolidation phase, with price movements suggesting a possible sideways trend in the near term.

The stock is facing downward pressure, as indicated by the MACD, which is showing negative divergence, and the Momentum and Awesome Oscillators are in the negative zone. The Relative Strength Index (RSI) is currently in the oversold range at 37.97, which suggests that the stock could be oversold and ripe for a potential reversal. However, confirmation from other indicators, especially price action, is needed before taking action.

Support is visible at the 1,042-1,043 levels, with the next major support level around 970.73. On the upside, Just Dial faces resistance around 1,182 and 1,206, where the price has previously encountered difficulty in breaking through.

The stock is below its 10-day, 20-day, and 50-day Exponential Moving Averages, which suggests a short-term bearish outlook. The long-term 200-day Simple Moving Average provides a level of support at 1,051.58, which could be important for traders looking for a potential entry point.

The ADX is currently at 17.19, signaling weak trend strength, but if the ADX rises above 20, it could indicate a shift in trend direction and more price volatility. Traders should watch for a sustained move above 1,060, as this could signal a potential bullish reversal.

In conclusion, Just Dial is currently in a rangebound phase, with technical indicators pointing toward a weak trend. Traders should look for signs of trend reversal, particularly if the stock holds above support levels and shows signs of bouncing off the 1,060 region.