Trade ideas
Its not looking goodIt 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 to active and show some power in tomorrows session.
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EmaarEmaar is now in a correction , if this correction is broken to high we can see Emaar reach 3.25-3.6
2 ScenariosEmaar 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.
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Emaar Properties 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
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Emaar Properties 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
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Emaar BreakoutIt 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
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Emaar Trying Very HardIt 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.
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EmaarIts in a tricky situation after making a push the the upside, as of now its at the crucial support level and we should soon see a decision candle to know if it is moving to the upside or down side. As of now dont enter the trade just stalk it till it gives a confirmation. Over all bullish but now in a funny situation
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Emaar Properties Nice to trade as its in a uptrend and good to buy as of now accumulating and will shot up soon. Again 2.95 have become a resistance and will not be very hard to break it. Mostly it will break 2.95 tomorrow. Overall bullish good for trade.
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EmaarIt have made a inside day candle, all we can do is wait for the breakout i am still bullish on this one and expect that it will cross the recent high very soon. Over all bullish!!
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Emaar Properties It was a very good trade to take in thursdays session as it was a very good setup its one of my favorite setup, stock in a uptrend thn retraces down to support and makes doji and thn makes green candle. If you have taken this trade the next target is 3.05 that will be a strong resistance level. Bullish on this one!!
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Emaar Dark Cloud The patter got activated and prices pushed to the downside. More down expected till the support level unless in the next session it make a bullish candle.So far bullish now in correction phase.
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Emaar Properties It have closed in red today and also made a candlestick patter that is bearish that is dark could cover. If this patter gets activated tomorrow more down side is expected and it can come down the support level as marked in the chart. So far its bullish
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Emaar Properties Beautiful Retest !The strong resistance that was 2.95 level it got broken and also today it go retested very good time to buy at tht level and soon it will approach the resistance level that is 200ema. Lets see if it can cross that too with ease. Sure BULLISH
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Emaar PropertiesAs i have been mentioning after the change in the trend the major hurdle is 2.95 level and it will shy to break it at first. In last trading session it have printed a doji candle with a gap down and closing within previous days candle. This is inside day candle and we wait for a breakout on either side and take the trade accordingly. I am over all still bullish but good level to book profits.
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Emaar Is it stong enough??Lets see how it performs at the resistance level which is 2.95 to 3.00 in my opinion it will take a little hold and the resume its uptrend. Once it crosses 3.00 it will surely retest and it will be a good chance to enter for who have missed this trade at the lower levels. Thats why its said market will always give a chance, if you are smart enuf thn you know when to enter and exit.BULLS!!
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Emaar Properties After the break of trendline its trending higher but its showing signs of weakness, there are good chances it may retest 2.70 again and the push to upside. This is looking bullish a small correction after a breakout is healthy to push the prices higher.
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