JUSTDIAL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.4

Here’s a comprehensive technical analysis of Just Dial Ltd (JUSTDIAL) based on current indicators and price action

📊 Trend Overview

Current Trend: Bearish with oversold signals

Price Action: Trading below both 50 DMA (₹896) and 200 DMA (₹934) — confirms sustained downtrend.

52W Index (21.6%): Price is significantly below its 52-week high (₹1,395), indicating steep decline and underperformance.

📈 Momentum Indicators

RSI (33.4): Weak — nearing oversold territory, suggesting potential for short-term bounce but no reversal confirmation.

MACD (-14.9): Strongly negative — confirms bearish momentum and lack of buying strength.

Volume: Slightly below 1-week average — indicates reduced participation and waning interest.

📉 Volatility & Bands

Bollinger Bands: Price likely near lower band — signals oversold conditions and possible short-term bounce.

Beta: Very high volatility — price may react sharply to news or sentiment shifts.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 830–840 (recent base)

Strong Support 800 (historical support zone)

Resistance 1 896 (50 DMA)

Resistance 2 934 (200 DMA)

Resistance 3 1,000–1,050 (gap zone)

🎯 Entry & Exit Zones

Optimal Entry: ₹830–₹850 (if price stabilizes near support)

Exit / Profit Booking: ₹896–₹934 (if price rebounds toward moving averages)

🔍 Short-Term Signals

Momentum: Weak — RSI and MACD both suggest caution.

Trendline: Price breaking below key averages — no bullish crossover yet.

Consolidation: Possible near ₹830–₹850 zone — watch for volume spikes or RSI divergence.

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