Pradeep Carpenter
18 Oct • 1:01 PM · SEBI-Registered Analyst
Just Dial Breaks Out Ahead of Monday’s Earnings
Just Dial Ltd. is showing promising bullish momentum as the stock breaks above its falling trendline resistance on the daily chart. The stock closed at ₹713.25, gaining 4.78%, raising hopes of a potential trend reversal ahead of Monday’s earnings announcement.
Technical View
The stock has moved above its 10 EMA (₹674.60), 20 EMA (₹671.08) and 50 EMA (₹667.88), indicating improving short-term momentum. It is also trading above the 100 SMA and 200 SMA, strengthening the overall technical picture.
RSI has climbed to 64.38, suggesting increasing buying strength without entering the traditional overbought zone. MACD momentum is also improving, supporting the bullish breakout setup. However, ADX near 14.90 indicates that trend strength is still relatively weak, so follow-through buying remains important.
What’s Next?
A sustained move above ₹720 could strengthen the bullish case, with ₹735–₹750 as potential resistance zones. On the downside, ₹690–₹675 may act as important support areas.
Monday’s earnings announcement could be a major trigger for the next move. Strong results or positive commentary may support further upside, while disappointing numbers could lead to profit booking. Traders should watch for a sustained breakout rather than relying on a single bullish candle.
My View
Just Dial is showing a constructive technical setup ahead of earnings, with a trendline breakout and improving momentum. Confirmation through follow-through price action and the earnings reaction will be crucial.
Disclosure: The analyst and their family do not have any position in the stock at the time of writing.
