Fibonacci Retracement in Justdial: Justdial is the next RCOM and will go to zero after few years.
The company has no future ahead. Just a single building full of employees cold calling local vendors to extract money. Google Maps disrupted their business totally unlike IndiaMart which is focused on the B2B segment only.
Justdial is trading in the range of 300–600 for two years. Every time the results come up; it ends to the moon and slowly deteriorates to hell. So there are four results season, avoid it that time. Rest time, just keep selling it with a stop loss. It will make nice money.
This month should be the deterioration month.
It’s one of those stocks for which I will be happy if it goes up as well as if it goes down. Going more up means we will be a better vantage point to short it right?
Let’s sell 680 call options clubbed with a PE buy with the same premium.