Very Bullish Catch This OneIt as trading in zone since very long time, this time it have broken the upper range very clearly. Next easy target will be around 0.880 catch this one with a tight stop loss.!!!
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EMAAR - Dubai Financial Market *****Please follow, like, and support this idea, if it helped you in anyway*****
***This is not a financial advise***
Emaar is on its way to fly high - and not thinking of looking back, It has broken the channel two time and got the rejection.
On the third time with the double bottom, it might break all the resistance coming on its way.
Additionally, it has also started trading as derivatives on the DFM, so buy and sell game will start
Stocks holder - keep an eye for long term and the target of AED 8 is easy to attain with in 5 years of time, short term, please stay away as it will jump and retrace quickly due to derivatives pressure initially
Overall, This is the heavy weight share on DFM,
Chart was prepared on request from Mr. Omar
Bullish PatternsIf you are following my trade ideas i mentioned that it made a nice bullish engulfing pattern right at the support level. Also it did come down for a test and now moving to the upside. Still looking bullish first target around 10.30
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Resistance Broken!!Today with a big move to the upside it broke solid resistance around 2.30 level. We would like to buy it but not now as its in a push phase let it come down for correction we will surely get a chance to enter the trade at the support levels. All we have to do is patiently wait for the price to come down and give us a good setup to enter the trade. No need to rush most of the time we just enter the trade and market just comes down!! thats because we enter at resistance level and its time for a correction. Looks bullish
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Strong Support HoldsEmaar was at a very important and crucial support level which i mentioned in my previous analysis - 2.55 level. We can see some price action right at the support level. For the last 2 days its making nice big green candles infact today it opened with a gap up and came down for a small profit booking too but buyers again jumped in and pushed the price to the upside. Emaar has power to move the whole market it is big stock and it has got heavy weightage on market index. I will wait for a correction and then enter the trade. Looks very bullish for now this can be a begining of a new uptrend!!
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Good Price ActionAlso in a down trend but now we can see some bullish price action, Clearly we can see its making higher lows and today it made a higher high. Looks bullish and more upside expected.
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BullishIt have tested the same level 0.264 four times now. We are seeing a bullish candlesticks right at the support level. If you have entered the trade first target is 0.280 for now. Still the trend is to the downside. In order to start a uptrend it have to cross 0.280 with a solid green candle in this case we will see a new high and it will cross the previous swing high. A small retracement again which should be a higher low and contiune to the upside this will be a proper bullish price action. For now its good for intraday trading!!
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Still No ClarityDeyaar is been trying hard for weeks now!!! it was just trying to hold above the support level around 0.268 and today agian we saw a good closing right above the support level. The trend is still to the downside we cannot just trust 1 green candle to enter the trade unless you are trading support and resistance me as a trend trader i would like to see some more price action and enter the trade once the trend is confirmed. Keep stalking this one.
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Like to trade the Range?I mentioned the trade idea on my social media pages, if you like trading in the range this is a good setup up. It bounced rights from the support level and made a perfect doji type candle very next day that is today we can see a positive candle meaning buyers want the price to go up!! next target is 0.850 looks bullish for now.
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DFM - Stock - swing tradeA bullish divergence found on DFM sector -
Share is trading on the all time low area and it shows that the Stop Loss is completed.
Buying opportunties are there and it is better tohold for 1 years to 5 year for good great profit
The March has made it all time low - giving signs that it might test this level again in future
but that time is not coming before it crosses the major upper channel
Target 1 - 1.29517
Target 2 - 1.79058
Target 3 - 3.20321
Target 4 - 4.26592
UPP - heading down to .210 or .170 area***Please follow, support, and like this idea if it helped you in anyway***
***This is not a financial advise***
UPP - seems like UPP is heading towards .210 to .170 area, the overall charts looks bearish and if the major support is able to hold the current downtrend than we shall take the long positions till the suggested target.
It seems that the chart might have a double bottom and a major support might change the current falling trend to a bullish trend
Candle Stick PatternWe can see a nice bullish engulfing pattern right at the support level. Enbd is a very strong stock and heavily weighted on market index when this stock moves market index moves too along with it. It looks bullish to me!!
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Still StrugglingEmaar under pressure while aldar in abu dhabi is performing excellent. It made a breakout that was fake as it could not hold the gains and dropped back at the important support level of 2.60 if this level does not hold the next support is at 2.45 over all its looking very bearish. For it to become bullish it have to close and sustain above 2.70 no trades yes just stalking. Looks bearish for now at at a crucial support level.
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Good for buyThis is one of my favorite stock i have been stalking this one for quiet a time now. Right at the support we can see 2 bullish hammer candles. If over all market is positive i think this one is ready to fly. My trade plan to buy this - if it opens with a gap i will buy when it comes down, if it opens flat i will buy immediately, it it opens down i will not trade i will wait for the price action for a confirmation. Looks very bullish to me!!
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Will Its in a serious down trend and now it have come to a very important support level lets see if it can hold this. No trades on this one till we see any bullish confirmation. This is just for stalking.
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It just got stuckAman was one of the best performing stock but it got resisted at 1.19 and since then its been retracing. Still we can say its in a uptrend soon the results will be announced which is expected to be positive as we are in covid times and insurance sector have benefited the most during this hard times.It will soon take a bounce and it will be a good time to enter. I am stalking it very closely to enter the trade at my levels. We know the support and resistance levels we are waiting for a breakout to either side.
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Back at the levelAfter the breakout to the upside as i had indicated in my previous analysis it touch the resistance and now back the at the support level also we can see its at 200 day ema which will act as dynamic support. If it takes bounce from here we can again trade the range. Keep stalking this one it may give a good trade setup.
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End of Pain??It have been falling down since important support level was broken at 2.85 we are seeing a nice hammer candle right at the support level. So is the down trend of emaar finished? not yet we want to see a confirmation, once it closes above 2.68 it will be bullish for now we keep stalking we dont need to enter the trade first let the market decide and give us a some bullish signal to take the trade.
Once the resistance level of 2.86 is broken we can see a nice momentum to the upside.
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Weak SupportIf a particular support level is tested again and again clearly it becomes weaker and eventually it breaksdown. UPP have to move away from this level quickly as this level of 0.278 to 0.280 is been tested so many times and it can break to the down side. It looks bearish to be as of now.
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