Support BrokenEmaar have broken its support level and now its on a free fall. If it does not hold 2.70 level next support is it 2.62 and thn 2.55 respectively. Bearish as of now no trade on this one. Just keep stalking and see when it crosses the resistance level of 2.85 and make a price action. Bearish !!
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Dubaifinancialmarket
Still No ClarityAs per the market there is a new meeting on wednesday and they will future course of action. ARTC have surely changed the sentiments of the market and people are in panic as of now. I dont expect any positive news from the market. Shareholders will suffer!!
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Buy Chance?Damac is still looking good to me for the trade tomorrow. If the market is positive it can move to the upside. Although the market was bleeding today but damac still holding above the support level. It have not broken the support. Bullish
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Support BrokenMarket today finally broke the important support level, i can see 2 scenarios from here. First is it crosses the New resistance of 2240 and starts to move the the upside we can say a immediate recovery after breaking the support. Second is it comes for a retest around 2240 and gets rejected to see 2160 level which is first support level. Market have turned weak now i am bearish!
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Bounce BounceIt have taken a bounce right from the support level and its good for a trade once it crosses 0.17 over all in a uptrend and its been traded in good volumes. Bullish
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Playing out as per the planIt have take a bounce right from the support level but as of now in a down trend good for intraday trading entry at 2.80 and exit at 2.86. If we see on weekly chart still maintaining its uptrend but in daily chart its not looking very impressive. I will not take this trade as of now.
What Next - ARTCYou have put all of the trades in trouble!!! Limit down, company liquidating and now suspended!!! after the negative news people are in panic and dont know what will happen about their shares and holdings. Market is still waiting for a Press release from ARTC to resume the share trading. We will know more details on sunday hopefully market will resume trading on artc. Panic !!!
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Perfect DojiMarket is still indecisive about UPP, we are seeing a perfect doji right at 200ema. I want to buy this stock but waiting for it to cross the resistance level of 0.307 once it crosses we can say that the trend have shifted and now ready to buy. Till thn stalk this one.
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Nice tradeIt did play out as per the trade plan, it took bounce right from the first support level and make a nice green candle. What we are see as per the last trading is a bearish candle inverted hammer candle so lets not enter the trade till it crosses 1.18 next resistance and target should be 1.24. Quick entry and exit recommended as market is getting fragile. Bullish!!
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Trying HardMarket is currently under pressure because of so many reasons one of the main reason is uncertainty about the impact of covid 19 other factor which impacted last week was negative news about artc which created a panic. Market is at crucial level and if we want to see continuation of bull trend we have to see market crossing 2295 level very soon else it may go back support level of 2240 which is now getting weaker as its been tested so many times and eventually may break to the down side. Still bullish on this market !!
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UPP Very Good SetupAs i have been mentioning that UPP is getting interesting i have identified 3 bullish signals and with the positive news around it the stock will make a big move to the upside very soon. If you are a aggresive buyer its good time to enter, i would still like to play it safe and enter once it crosses 0.307 so till thn stalking it.
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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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Not Looking GoodWith days closing it have left us in doubts, its right at the important support level that is 2240 i was expected a green candle today but it could not perform today and we saw a bearish candle stick. If the market does not take a bounce from here we can more downside expected and we can touch 2100 level again that would be scary. Tomorrows closing is very important for traders as it will decide the future of the market. Still bullish
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3 indicationsWe can see 3 indications here that we can all as bullsih first its have broken the trendline, second there is a bullish divergence and third we saw a candlestick pattern - piercing candle. There is a big news that will be coming out on 29th or 30th of this month which is very positive. No trades on this one yet! lets patiently wait for the news and how the market is reacting to it. I think it will shoot up!
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