A near term Head&Shoulder reversal pattern has been completed with today’s rally above 402. Prices should rally towards the pattern projection at 475 over the coming days and weeks. On the longer term, a large double bottom seems to pan out. For this pattern to become valid, prices need to clear ~625.
Just dial has formed a descending triangle pattern with support between 520-517. If it breaks this support it can go all the way to 500 and further to 480 in a short time frame.
Just dial recommended yesterday at 480 has given fantastic returns . Todays top made is 511 so far. and there is still steam left for upside. However intraday traders can book profits.
The price action breaks out from the prevailing downward moving trendline and indicates bullishness. Targets can been taken to 61.8 Fibonacci levels at 495, stoploss 464
