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...
Bulls need to show power as price have tested the lows 3 times in a row and have rejected. Price also confirmed to go higher after testing the lows. As of now its consolidating or ranging at the current price levels. If we dont see a break up or a failure we can see a immeditate support at 1882 zone however we are still in near term up trend. My view is bullish on...
Who can feel and hear bulls charging? We can surely see a rally coming up ...watch out and fasten your seat belts. Hit Like & follow :)
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...
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...
Started the with a green day for the week, it took nice support at FIB levels and pushed it up indication correction is done and there is now a potential to go more upside, first target should be 1940 and then the recent swing high which is 2040. Market was good today but dint witness big volumes to close above the previous high of 1920. Bulls should show more...
Interesting closing today and finally a green candle on a daily chart. So is this starting of a up trend again? is the downside over? In my opinion NO!! As mentioned in my previous idea it did find the support at the ichimoku base line (tenkan sen) and we have seen a bounce today from the same levels. But we did not see a confirmation yet for the upside we still...
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...
If we take a very closer look that is the very recent rally that is 1800 to 2040 we can see from the FIB levels that it have retraced 61.8% which is a important level and it have managed to close above 61.8%. If this is to be correct, we have to see the confirmation candle again which have to be above 1923 to confirm that the correction is done and uptrend should...
Aramex is on a nice bull run with good corrections, It have made good base at 2.90 area and i think it should go more up from here. Next small resistance is at 3.08 and thn it can fly to 3. 50 zone. I am surely bullish on this stock.
If you had check my earlier idea on this there was heavy buying just before the market closed indicating institutional buying. Since thn this stock is on a bull run. Thursday it gave a nice big green candle but it was immediately rejected by 200 ema acting as a dynamic resistance. Currently the price is in a channel and lets wait for it to break and close above...
The market witnessed selling pressure till 12 noon and it bottomed out for the day at 1867 zone. We can clearly say that it have visited this level last week and its a important FIB level of 38.2% however the market managed to close above 1900. Now the question is are we still in uptrend ? In my opinion we are still in short term uptrend at the same time we are...
Its on a dynamic support of 200 ema and the price is stuck in a range. If it breaks out of the box and closes out of the box it will be a good buy opportunity to go long for the next target mentioned.
Very nice up run by this stock last week even though the over all market was trending down. Currently its taking support at 200 ema and holding as it broke 200 ema and have retested it on thursday. In my opinion its a very good buy for the next target which is not very hard to achieve. Happy Trading :) Hit like & Follow
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...
The market sell off yesterday with most of the stocks making a daily limit down of 5 % with fears of current virus conditions on the economy more pressure came as saudi markets opened in red and sold off. With todays closing in DFM it have found support at fib level of 38.2% retracemnt from the recent highs. The current short term trend of the index is up trend...
Going with the flow its making higher highs and trending upwards its a good chance to long and ride this trend. I joined the party at 0.352 ideally 0.345 would be a nice entry but i was waiting for confirmations. I aim at the target at around 0.370 - 0.380 area as thats the next resistance zone. I dont like to keep the positions open over the weekend under such...