Exit Just Dial on rise: Shardul Kulkarni

Shardul Kulkarni, Senior Technical Analyst at Angel Broking told CNBC-TV18, "If you look at the charts of Just Dial, a 23 percent fall in three-four trading sessions does not bode well from an overall chart perspective. A downward impulse has already started. I would not be surprise if the fall continues over the next couple of trading days, eventually over the next three-four weeks."

He further added, "We expect the stock to move to around Rs 1,150 to Rs 1,100 level. So any rise on the stock is an opportunity to exit. We feel lower levels are coming in case of this counter. The downward impulse is clear on the daily chart."