Just Dial’s chart demonstrates the Higher Low Formation

Just Dial’s chart demonstrates the Higher Low Formation at Trendline Support concept, where the price repeatedly takes support near an upward-sloping trendline and reverses higher instead of breaking below the previous swing low. From April to June, the stock formed higher lows, indicating that buyers were gradually entering at higher price levels and selling pressure was weakening. This rising support acted as a dynamic demand zone, helping the stock maintain its recovery structure before a strong upward move in July. After subsequent consolidation and volatility, the recent recovery toward ₹730 suggests renewed bullish momentum. If the stock sustains above the ₹700–720 zone and breaks resistance near ₹750 with strong volume, further upside may be possible; however, failure to hold support could weaken the structure. This concept highlights how trendline support and higher-low formation can help traders identify potential reversal and uptrend opportunities. Technical analysis is for educational purposes only, not investment advice.