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Stock of the Day – Just Dial | Portfolio Yoga

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Stock of the Day – Just Dial

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After months of nearly continuous upswing, Just Dial has just seen the first serious bout of profit booking / reaction or whatever term that is used for such reactions these days. As the chart below shows, the stock tested its lower trend-line support and while it can be seen as a support, bigger support arises in the range of 1040 – 1090. Since the fall has not been accompanied by rising volumes, at the moment we can discount the possibility of this being a distribution.

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