Its in a uptrend without a doubt, best part is its holding at a support zone, I think tomorrow it should go higher from here.
Hit like & follow guys ;)
ESHRAQ has been trading in a channel between 0.40 to 0.60 on an avg most of the times since June 2020
Unless and until it breaks the Resistance of 0.88 it looks like it will keep trading between those levels
Right now if it breaks the resistance of 0.60-0.63 , It might travel to next resistance @ 0.72 and then come back to 0.40 levels that is pretty much it
the reasons
Standing at an important support
Positive technical patterns formed
The last candlestick is a hammer candle with the possibility of a morning star pattern forming
Positive divergence on the MACD indicator
Buy with a stop loss of 41 levels
Target: 25% of these prices
to 100% in the medium term
Its getting ready for a breakout, right at the support we are seeing buying pressure which is a good indication. I think eshraq will soon cross 0.60
Hit like & follow guys ;)
It has made a bullish breakout finally, we can expect a retest if overall market is negative tomorrow. But overall bullish momentum have started from now. My next target is 0.510
Hit like & follow guys ;)
Is it a false breakout or we are ready to go higher from here. I would be more confident if it breaks and closes above 0.60 but can be bought in small quantity at current levels.
Hit like & follow ;)
Watch out this stock very closely in other words stalk this stock, it will make very big move very soon. Any bullish momentum is buying opportunity from now.
Hit like & follow guys ;)
It had very 2 good days in the market after the capital adjustment. Fridays closing is not very positive we are seeing some selling pressure right into the resistance area. I think coming week we will see more upside move but just incase if it comes down 0.600 should be a good buying area. This stock is now good for holding as the book value of this stock is...
This stock is now very bullish as after the capital adjustment as per their books they share value should 0.94 +- so this stock will rally till the price is adjusted as per the books. Any dip is buying opportunity.
Hit like & follow guys ;)
