The technical picture of Just Dial is starting to become bearish after the support near the 1000 levels gave way in the market mayhem of last week on the back of fairly large volumes. The next support levels are in the region of 600-650 levels. Investors can think of buying only if the scrip manages to trade above the 1250 mark. The current downward swing is Wave 3 which can be swift and brutal and is in the process of playing itself out. We advise staying away from buying unless there is a formation of Higher lows and Highs on the Charts.
|TIME TO DIAL OUT?|