Just Dial Limited (JUSTDIAL) Stock - Complete Technical Analysis - Dec 18, 2024

JUSTDIAL Stock Analysis: Key Support, Resistance, & Price Action Insights for Traders Partha Kuch

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 facing some bearish pressure, with the stock trading at 1,020.05, a significant drop from its 52-week high of 1,395. The key technical indicators suggest a neutral to bearish outlook for the stock in the short term. The RSI is in oversold territory below 35, hinting at potential reversal, though momentum is still negative. The MACD is bearish, confirming a downtrend, while the Awesome Oscillator is also showing negative momentum.

The stock is currently testing the 1,000-1,010 support zone, which could act as a critical level for traders. If the stock breaks below this range, it may find further support around 960-970. On the upside, the stock faces resistance near the 1,080-1,100 levels, and this region has proved tough to break in the recent past. If JUSTDIAL manages to break through this resistance, it could move toward the 1,150-1,200 range.

The volatility is quite high, with an ATR above 170, indicating that the stock could swing by around 160-200 points in the short term. Traders should monitor the momentum indicators closely and watch for a break above resistance or below support for clearer trend direction.