Clearly we can safely say that 2.65 is a good support and its holding. The gap seems to be filling now and 2.71 seems to be a resistance but i think in tomorrows session it can break think and touch 2.75 Once it crosses 2.85 that is a strong resistance emaar will be very bullish again and it will touch 3.00 hit like & follow guys ;)
EMAAR DEVELOPMENT ANALYSIS. EMAAR stock will go up if it breaks the line. **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Support level of 2.65 is holding as of now. Something to notice here is it was struggling to cross 2.65 during the trading hours but in trade at last that is last 5 mins it jumped and closed at 2.67 so who bought this ? Sure we can say that big boys found this price attractive and entered the market pushing the price to the upside. If we can see a close above 2.70...
Its been breaking all the support levels as of now its again at a support area of 2.65 in thursdays session buyers were trying to hold this level and eventually it closed at the same level. Lets see if it can hold!! as of no no trades no rush to enter the market. Lets see if this level is holding. Bearish !! Hit like & follow ;)
Emaar have broken its support level and now its on a free fall. If it does not hold 2.70 level next support is it 2.62 and thn 2.55 respectively. Bearish as of now no trade on this one. Just keep stalking and see when it crosses the resistance level of 2.85 and make a price action. Bearish !! Hit like & follow guys ;)
If you are a short term investor say 2-6 months thn emaar is a good choice as of now. Its at the support level and next target is very good. Grab this one at the current levels and thank me later ;) HIT LIKE & FOLLOW ;)
It have take a bounce right from the support level but as of now in a down trend good for intraday trading entry at 2.80 and exit at 2.86. If we see on weekly chart still maintaining its uptrend but in daily chart its not looking very impressive. I will not take this trade as of now.
It could not recover properly from the panic selling that we witnessed last week. Also it broke the important support level and now its pushing to the downside. First support at 2.80 area second at 2.70 which is a strong support area. If a stock breaks down after a consolidation phase that is not a good sign and it means weakness. No trades on this stock till it...
It broke the resistance in thursdays session and today it have further dropped if it does not bounce from here next stop is at 2.70 and short term trend will change to down side. Emaar have to cross the solid near term resistance of 2.95 to show some strength. It have broken the range to the down side, trend is still to the upside but getting weaker now bulls need...
Emaar is now in a correction , if this correction is broken to high we can see Emaar reach 3.25-3.6
Emaar have broken the support level and also it could not recover after the panic selling. First we can say it can retest the resistance and get rejected to fall further down. Secondly it has to show some bull power and come back again the range or consolidation. So lets wait for it to make some price action and we trade accordingly. Hit like & follow
Is this a retest of the trend line that it just broke few days ago? if yes we should see a green candle tomorrow and its good for a buy for a next target of 3.0 - 3.10 over all still bullish hit like & follow guys ;)
Please share with me your thoughts, Regards
Good bullish run after the bullish patter of cup and handle broke to the upside. Still looks good to enter, watch out the resistance levels. A quick entry and exit will be very safe for this stock. Surely in a uptrend and bullish for now. Hit like & follow
It have picked up the momentum and is now bullish small gap but still tradeable for intraday a quick entry and quick exit is recommended. Over all looking bullish Hit like & follow
It broke out of the bullish cup & handle pattern and made a nice high. Thursdays session it could not manage the highs and the candle that we can see is bearish that is inverted hammer type of candle indicating selling pressure. No the trend is not bearish only the candle as of now. I think if it wants to retrace it can come down to 2.35 level and take a bounce to...
It have finally made a breakout of the triangle pattern it opened with a gap up indicating buyers are ready to enter at the higher prices but at the end of the trading session it just closed at 2.99 still its good. We have seen 2.95 is a strong level earlier it was a resistance and now it should act as a support so good buying level at 2.95. Bullish Hit like &...
It tried today to break the trend line and it did but was unsuccessful, its still very tricky as it can go to either side so better to play safe and let it cross 2.95 and we enter the trade accordingly. Over all is bullish we wait for the confirmation. Hit like & follow;)