After this massive selling pressure that we saw because of Geopolitical unrest in the middle east for now Emaar is trying to recover but this move cannot be trusted its just a short recovery. bears will attack anytime again so this can be a bull trap which we have to avoid although its very tempting to buy at current levels. I am waiting for a small correction and...
Emaar should continue its upside momentum real estate sector is booming which pushing revenues higher and brining in more money for the companies. Any dip for now should be considered as buying opportunity till the time we dont see a breakdown of the trendline.
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For now its not looking very good as there are chances it can go further down. For now at a support level but it can hit the resistance as a bounce. Should be considered bullish ONLY when it closes above 6.00
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Over all very bullish and even after the dividends it didnt adjust too much it means big boys and institutions are holding this stock for long term. Any dip is buying opportunity.
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We are seeing rejection candles a 6.40 level which have become a resistance for now. If tomorrow it cross 6.25 it means we can expect more downside and it can come down to retest 6.14 zone. Over all its very bullish & dividends date is approaching too. Any dip from here is a buying opportunity.
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I had mentioned in my last update as well Emaar is very bullish any dip is a buying opportunity. I think Emaar will soon cross 7.00
Go for it highly Reco0mmended!!
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Over all Emaar is very bullish but since Dewa have joined the party Emaar is shying away most of the traders are now shifted to DEWA but Emaar is very strong and its getting ready for the break out. I think it will soon touch 7.00 but before that a small hurdle at 6.40 also dividends are coming up so many investors will like to add more position to their...
Major resistance is at 4.50 and that was the target i had indicated earlier. I think Emaar had a good run after a small accumulation right at the top. I have been recommending this stock since long its very bullish even after the resistance more upside is expected.
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Still in a strong uptrend I have been recommending Emaar for a while as we can see its very bullish, above all the moving averages which is a bonus!! I think very soon it will touch 5.50 as real estate sector is booming also if we look at the fundamentals I think more money will come into real estate properties from Russia & Ukraine which will boost the prices and...
Last closing is good and at least its holding up, the gap that it created now will potentially act as resistance. Emaar is still bullish we can see 20 and 50 day moving averages are holding it. Over all emaar is bullish but major resistance at 5.10 level. Wait for market reaction tomorrow and then go for it.
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