Emaar made good moves last week after consolidating in tight range. It have broken the resistance as well nice entry if you have already bought it if you have missed this one wait for a pull back and take the entry. Looks bullish now!!
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I am still not confident as the breakout candle is very weak, i would like to see the strong decisive candle to enter the trade. If this resistance is broken let it retest with a bullish candle to confirm the buy!!! Keep this in your watchlist to act fast.
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I was expecting a bounce in todays session unfortunately Emaar didnt perform at all and we see a closing in RED. Bearish and at a crucial support level. Lets see if it can break or hold here.
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It looks like emaar is playing out as per the plan, can you see doji right at support? is it time to buy? No !! wait for a confirmation candle and price action to confirm the uptrend and then go for it. For now wait and watch game.
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EMAAR (DFM) - Prepare to Bullish
Most of the stock in dubai stock market are coming back for a retest which is a good buying opportunity. Emaar is coming down for a retest at a important level and we can by this stock if we had previously missed the breakout. Check out the trade plan below
Entry : 3.60 to 3.64
Stop Loss : 3.50
Target : 4.15
Risk/Reward : 4.45
Emaar is developing a bullish candlestick pattern if tomorrow it opens positive and closes green this is scenario 1 else we go down to strong support area near 3.65 levels. Over all in a uptrend but due to covid market is pushing down.
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A nice pin bar right at the support indicating buyers are activated in that area and pushing the price upside also today with a solid green candle we can have a confirmation that new or fresh buying have started after the profit booking. Over all very bullish!!!
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Emaar made a nice bullish run and it crossed a strong and psychologial resistance of 4.00 and now its holding it at the same levels to make another big move. Next resistance is around 4.13 it order to continue the bullish momentum emaar should hold at 4.00 levels over all bullish !!
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DFM:EMAAR broke out supported by a bullish cross over between the 200 SMA and 50 SMA. Any pullback towards 3.26 or if the pullback extends toward 3.06 is considered a buying opportunity.
Short term targets with anticipated price action are shown on the chart.
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This is only my own view and not a financial...
Emaar is stuck as of now and is not tradeable its strong support is at around 3.51 area now if we want to trade this we want to see it touching the support line and making a bullish candle if not then we go further down. Yes its in a uptrend as of now but very tricky to trade we need one more candle closing to decide and enter the trade.
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Its at a crucial stage, Resistance is at 3.70 level and it have visited this area recently. Interesting point here is it did not make a deep correction its somewhere near the resistance and it want to break it. Sure its bullish as of now if the resistance is broken the next major resistance is at 3.95 level. Over all bullish
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Nice and strong move to the up side by emaar. Its at a good level support is at 3.45 level and resistance at 3. 85 levels. Lets see if it comes back for a retest or directly hits the target. Most likely it can come down for a retest which will be a good chance to buy again. Over all its bullish no doubt about it.
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Emaar is in a nice uptrend but in last 3 session we can see some weakness. As of now support level at 3.15 levels it come come down for a retest anytime and resume its uptrend. Next target would be aroun d 3,45b levels Over all bullish!!!
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Its in a nice strong uptrend. I can see 2 scenarios from here after seeing some weakness at the top and form thursdays session. Either it continues to the upside and touches 3.40 directly which is a strong resistance OR it comes down for a retest which is around 3.14 level and then make a move to the upside. In both the cases its bullish,
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