Big sell off in thursdays session, it opened at the resistance zone and could not go higher. Heavy selling pressure at the resistance area pushed the prices low and closed in solid red candle also forming a engulfing pattern which is a bearish pattern. I think it will retest 2.43 to 2.46 zone which will fill the gap and thn go up to continue its short term up...
Last week we traded only for 2 days because of eid holidays wednesday was a breakout day and thursday was profit taking with good volumes of sell pressure. I think the market will retest tomorrow 1935 to 1945 zone before it resumes it up trend. We have still not broken the support level so we are clearly in short term up trend. I think tomorrow second half buying...
It could not sustain the gains and gave out all the gains before the closing. Interesting part is it have formed a bearish pattern . The previous candle is a bearish hammer today its given solid engulfing candle i think this is a good indication it wants to retest the 200 ema once again before going up. Solid resitance at 0.315, if the engulfing pattern is...
Another breakout stock, it gave a solid confirmation to the upside i doubt if it will retest immediately as its given a confirmation after a series of djoi candles. I see more upside in coming days. Bulls are here. Happy Trading :)
Hit Like & Follow
Its bit tricky as of now, it was in a range and it tried to breakup today but eventually came bak to the same levels which is a danger zone at the same time i can see wick on this candle indicating bull pressure so i really dont know which side its gonna go. I will wait for the clear indication if it shows tomorrow to decide on this stock. I have a feeling it...
Its at a critical area its climbing up on good news of opening malls and other businesses but lets wait and see if it is rejecting the zone or breaking it out. If it gives a solid clear breakout surely it will retest this area before going more up and i shall enter long at that time. till that time lets wait and keep this on watchlist. Will stalk this stock, Happy...
What a beautiful breakout candle today, after being in a range for a week finally today was the day. Its a clear breakout i would like to take this trade but i shall wait for the rest and thn take a nice long trade with good quantity as price have good a bit far to take this trade. Lets wait for price to come bak at the retest zone and bang!! Happy Trading :)
Hit...
Emaar properties today made a jump towards a bullish trend. Bulls pushed the price high and closed high confirming no bears for now. My weekly target will be 2.90, its a good buy at the current levels. Though it can face some resistance at 2.680 but i think it will be cleared with the positive fundamentals coming in. Happy Trading :)
Entry level 2.580 to...
Yes bulls are here, we could see pressure today pushing prices up. I was expecting the price to close above 2000 but i could not. I think it will touch 2000 tomorrow but at the same time i think it will be rejected in first attempt. Lets see how bulls act tomorrow as its a weekend and many trader would like to book profits thn to keep the positions open over the...
This one is again rejected for the third time it just can cross 200 ema, the dynamic resistance is tested agian and again and any resitance or support tested again and again becomes weak. I think 4th time it will close above the 200ema and it will be a right time to buy still as of now it its a good buying opportunity on this with plenty of news and rumours around...
It hit limit up circuit of 15% daily up limit. Rumour's in the market say that abu dhabi and dubai stocks market are in talks of merging no confirmation yet!! Lets wait and watch if it can sustain this upside near immediate resistance is 200 ema. I would love to be in this trade but once its test the 200 ema else i would be stopped out.
Patience pays a lot in...
If anyone was following my idea on upp i had mentioned earlier it is surely on a short to mid term uptrend and it was just making new highs without correction. Anyhow 200ema did stop it and finally it did retest 200 ema and today it gave a good closing exactly above it which will act as a dynamic support now as resistance will now be a support. I think the...
What a run today, spectacular !!It did restest the previous swing high for the first time after the swing high which is a healthy correction. Now the buyers have pushed this stock higher breaking the trendline to confirm the correction have ended and more upside is expected on this.RSI is above 50 its almost touch 60 which is a strong momentum. I am in this trade...
Quarterly performance was announced today the results were not as good as expected but still the stock managed to rise and close above the previous candles high. Interesting part is it opened lower today but managed to attract buyers and pushed it higher to make it a green solid candle indicating buyers are here and very much interested at this price. Todays...
Heavy buying on Amanat Holdings in last 5 mins of thursday trading session! Anyone knows the reason?? sure this is not a retail buying it was a institutional buy i am still trying to figure it out....sure i missed it
Let me know if you guyz know the reason or have any idea for sundays session
Clearly it could not hold above 1900 levels and selling pressure was witnessed in early hour of trading. Interesting part is it bounced right at the 26 days tenkan sen (base line in red) which is ichimoku's important indicator and a medium term trend line. Also 1850 is a 50% fib level from the current rally. Good chances that market can bounce off from here to the...
The index is in short term up trend but stuck in a range for the last 1 week. As we can see the rally started from the low of 1680 area and made a high of 2039.64, if we closely count the period its taking to make new highs and retracements it gives me a cycle of 7 days up and 5 days correction. IF we go with this cycle it can potentially give a breakout on sunday...
