Just Dial Limited (JUSTDIAL) Stock - Complete Technical Analysis - Nov 22, 2024

Just Dial Limited (JUSTDIAL) Stock Analysis Short-Term Trend Reversal Potential

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 seeing mixed signals in the market. Trading at 1,073, it's well below its 52-week high of 1,395, yet 51.19% above the 52-week low of 710. The stock has faced downward pressure recently, with a slight rally in the last session. Key technical indicators like the MACD, RSI, and Momentum suggest bearish momentum. The current price action shows resistance near the 1,100-1,120 range and support near 1,051. This indicates a potential for short-term consolidation, with a possible bullish reversal if it breaks above resistance. Traders should keep an eye on key levels around 1,051 for support and 1,100 for resistance. If the stock sustains above these levels, a potential upward trend could follow. The low ADX value suggests weak trend strength, so expect volatile price movements. Overall, this stock might offer short-term opportunities if market conditions improve or if key technical levels are breached.