JUSTDIAL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.3

Here’s a detailed technical analysis of Just Dial Ltd. (JUSTDIAL)

📊 Trend Overview

Current Trend: Reversing from Downtrend

Price is hovering just below the 50-DMA (₹850) and well below the 200-DMA (₹904), indicating a weak recovery attempt.

The 52-week index at 21.3% shows the stock is still near its lower range, having corrected significantly from its high of ₹1,395.

📈 Moving Averages

50-DMA: ₹850 — Immediate resistance.

200-DMA: ₹904 — Long-term resistance.

Price Action: Current price of ₹848 is just below the 50-DMA, suggesting a critical pivot zone.

📉 Momentum Indicators

RSI (14-day): 55.4 — Neutral to mildly bullish, with room for upside.

MACD: 2.24 — Bullish crossover, indicating early signs of upward momentum.

Volume: 57K vs 1-week avg of 72K — Below average, showing weak conviction behind the move.

📊 Bollinger Bands

Price is likely near the middle band, indicating low volatility.

No breakout or squeeze pattern detected, but the setup favors a potential upward move if volume improves.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 825 Recent swing low

Support 2 800 Psychological support

Resistance 1 850 50-DMA, immediate resistance

Resistance 2 880–904 Trendline and 200-DMA resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹825–₹835 — Near support with tight stop-loss.

Exit Zone: ₹880–₹900 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Building — MACD positive, RSI rising.

Breakout Potential: Moderate — Needs volume confirmation.

Bias: Cautiously bullish — Watch for breakout above ₹850 with volume surge.

🧭 Summary

JUSTDIAL is currently reversing from a prolonged downtrend. Price action near key moving averages and improving momentum indicators suggest a potential recovery. Traders may consider entering near ₹825–₹835 and targeting ₹880–₹900 for exits. A breakout above ₹850 with volume could confirm trend reversal.

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