Sell Just Dial Ltd., target Rs 550.0 : CapitalVia Global Research Ltd

CapitalVia Global Research Ltd has a sell call on Just Dial Ltd. with a target price of Rs 550, current market price of Just Dial Ltd. is Rs 591.05. Time period given by analyst is week, when Just Dial Ltd. price can reach defined target. After a strong rally, the stock has pulled back recently. However, it failed to hold the gain and started to move down further. The short term resistance level is placed at Rs 590, and a move below this level could trigger further downside momentum, where short can be initiated for the target of Rs 550 with the stop loss of Rs 620.