Just Dial Limited Stock Forecast
A very red day for Just Dial Limited stock price after a -6.44% fall in the Tuesday trading session
(Updated on May 07, 2024)
The Just Dial Limited stock price fell by -6.44% on the last day (Tuesday, 7th May 2024) from ₹1,096.35 to ₹1,025.75. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 8.37% from a day low at ₹1,015.05 to a day high of ₹1,100.00. The price has fallen in 7 of the last 10 days and is down by -5.83% for this period. Volume has increased on the last day by 207 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 576 thousand shares were bought and sold for approximately ₹590.79 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.04% during the next 3 months and, with a 90% probability hold a price between ₹1,100.83 and ₹1,449.53 at the end of this 3-month period.
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JUSTDIAL.NS Signals & Forecast
The Just Dial Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹1,104.32. On a fall, the stock will find some support from the long-term average at approximately ₹942.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -11.05%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Just Dial Limited stock
Just Dial Limited finds support from accumulated volume at ₹1,009.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹84.95 between high and low, or 8.37%. For the last week, the stock has had daily average volatility of 4.09%.
Our recommended stop-loss: ₹977.54 (-4.70%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (JUSTDIAL.NS) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Just Dial Limited to open at ₹1,046.93, and during the day (based on 14 day Average True Range), to move between ₹982.01 and ₹1,069.49, which gives a possible trading interval of +/-₹43.74 (+/-4.26%) up or down from last closing price. If Just Dial Limited takes out the full calculated possible swing range there will be an estimated 8.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1,009.35 (1.60%) than the resistance at ₹1,065.90 (3.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Just Dial Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Just Dial Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.692 Buy Candidate Upgraded
Predicted Opening Price for Just Dial Limited of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ₹1,046.93 ( 2.07%) | ₹1,025.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JUSTDIAL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,131.88 | 10.35 % | |
| R2 | 1,099.43 | 7.18 % | ||
| R1 | 1,079.38 | 5.23 % | ||
| Current price: | 1,025.75 | |||
| Support | S1 | 1,014.48 | -1.10 % | |
| S2 | 994.43 | -3.05 % | ||
| S3 | 961.98 | -6.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,153.20 | 12.43 % | |
| R2 | 1,094.25 | 6.68 % | ||
| R1 | 1,065.90 | 3.91 % | ||
| Current price | 1,025.75 | |||
| Support | S1 | 1,009.35 | -1.60% | |
| S2 | 926.70 | -9.66% | ||
| S3 | 893.60 | -12.88% |
JUSTDIAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2015 | Sep 10, 2015 | Oct 30, 2015 | ₹2.00 | 0.249% |
| 2 | May 13, 2014 | Sep 11, 2014 | Oct 24, 2014 | ₹2.00 | 0.122% |
FAQ
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