After making a sharp correction from the upper band of Rs 607 levels on its daily price the, Just Dial witnessed a strong rebound in last weekâ€™s trading session with a positive momentum.
The scrip witnessed a relative breakout from its short-term moving average in the last session coupled with strong daily-volume breakouts which signal a positive trend buildup.
After closing with about 14 percent gain on an intraday basis, the scrip made a bullish reversal candlestick pattern on its daily price chart.
Further, a weekly RSI at 47 shifted upward from the previous level indicating a buying regime coupled with a positive turnover on MACD.
The scrip is facing a resistance at Rs 483 levels and support level at Rs 394 on pivot points. We have aÂ buy recommendation for Just Dial which is currently trading at Rs 435.75 for target of Rs 458 per share.