Burjeel made a nice move to the upside as per the plan many made good money last week. Its going through correction phase but overall this stock is still very bullish. Very soon I think it will break the resistance of 3.10 area and will be trading above 3.40 fundamentally this stock is very strong and Burjeel is starting operations in Saudi its expending its...
Burjeel has spent 3 days already at the current level its just taking a pause before it make a big move to the upside. Get ready for this one, if tomorrow it opens with a gap up there are good chances it will break the resistance of 2.90 and touch 3.00 very soon.
On the other side if we see a gap down opening then it can come down to retest 2.80 area and we wait...
I am still bullish on this stock, its still in a uptrend as of now its in a ascending triangle chart pattern. With todays closing it have made a doji right at the resistance creating confusion for tomorrow. But i think its worth taking a chance as this stock has a potential to make big moves. It is good for intra day and swing trade too. Over all this is bullish...
Trend
Its in a strong uptrend for now, and its at a very crucial zone to break ascending triangle pattern. Get ready for some gains here.
Chart Pattern
From 15th August 2023 we are seeing its been trading in a tight range, and now its ready to explode most likely to the upside from here. I am targeting 3.10 zone in mid to short term.
Hit like & follow guys ;)
I think coming week will be very interesting for Burjeel as its at a important area of support and right at the apex of the triangle. I am expecting a breakout to the upside. Lets see how it performs coming week.
Hit like & follow guys ;)
BURJEEL HOLDING reaching demand zone
ready for upward movement
ENTRY:2.14
SL:2.05
TP:2.68
RR=25% to TP1 but its direction is upward you better save profit and let 20% goes on
Burjeel performed very well today, bulls flexed and showed their power. I think there is still potential to go higher from here. Any dip is a buying opportunity. Overall its now in bulls control.
Hit like & Follow guys ;)
For now Burjeel is looking positive and its in a chart pattern, lets wait for the breakout i am still very Bullish on Burjeel Holdings. Tomorrow if it opens flat or with a gap up most likely we should see it going north. Else if overall market is negative it may come down for a retest.
Hit like & follow guys ;)
