The Financial Market is a crazy place. When it loves a stock, it can take it to moon but when it starts hating it - it can take it down to Hell. Just Dial investors are learning this difficult lesson right now.
Here's Just Dial stock chart
As you can see in the chart above: Just Dial stock was doing just fine - holding 1020 levels for long long time but then it succumbed below it in August 2015. It initially sold off to levels of 800 but then made a comeback retested levels around 1020-1050 as resistance and then succumbed again - this time only to tank to now levels of 415. This is a dramatic drop. The Chart is again a clear reminder that why one should not ignore breakdowns.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers