Just Dial Limited (JUSTDIAL) Stock - Complete Technical Analysis - Dec 03, 2024

Just Dial (JUSTDIAL) Stock Analysis: Price Levels, Support, Resistance & Key Indicators December

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) has been moving within a defined range with noticeable support around the 1,100 mark and resistance near 1,133-1,145. The stock recently closed at 1,112.50, still 20% below its 52-week high of 1,395. The candlestick pattern for today is a spinning top, which signifies indecision, suggesting that the stock may move sideways or experience a reversal.

Key technical indicators point to a mixed outlook. The MACD is in negative territory, showing bearish momentum, while the RSI is close to neutral, indicating no clear strength in either direction. The Stochastic RSI is approaching overbought conditions, which could signal a short-term pullback. Meanwhile, the ADX suggests a weak trend, confirming the current consolidation phase.

The stock has seen notable price swings, reflected in the average true range (ATR), and with its low volatility, there may be potential for a more substantial move if it breaks out above the 1,133 resistance level. On the downside, the stock might find support near 1,100, and if this level is breached, the next support could be around 1,085.

Investors should focus on the stocks reaction to these support and resistance levels. If the stock breaks above 1,145, it could test higher resistance at the 1,180 to 1,200 levels. However, if it falls below 1,100, it might head towards lower support levels. With weak trend indicators, the stock seems poised for a potential breakout, but confirmation from the indicators is required before making any significant trades.