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Let it comeTrend Its still in a uptrend but for now its bit extended so a correction is due on this recent rally to the up side. For the last 3 days we are seeing Doji candles at the same place I think it will make a big move very soon. Support & Resistance For now next support is around 1.10 zone and resistance is at 1.15 area. I will wait for it to close above 20 day moving average to make a by decision. Tomorrow will be very interesting to see if it can manage to close above the resistance. Hit like & follow guys ;)
ADX:RAKPROPLong
by stalkstock
Get ReadyTrend Overall trend is still intact, qholding is still in a uptrend. But for now its looking very scary its been going side ways for so many days and I think this week it will breakdown (big Move) Since its been just ranging which obviously market does not like. Break out Which ever way it breaks out the move will be bigger, if it breaks down those holding their positions will panic sell which will further put pressure on the price. If it breaks to the upside people are waiting to catch this one and ride it. Support Area We can see on the chart 3.60-3.65 is holding tight so far but i think it will be broken very soon. Resistance is at 3.80 for now. Hit like & follow guys ;)
QShort
by stalkstock
More RecoverTrend Etisalat is in a strong downtrend for now, for the last 2 days we are seeing some bounce/short recovery. We cannot trust this move as this can be a correction phase of this massive drop to the downside. We wait for a proper bullish price action to take any position. Fib Level Watch out 50% Fib level area if we see rejection candles around that area it will be a added confirmation that bears are charging and bulls will have to leave the ground. For now its too risky to take any trade in this unless its quick entry and exit strategy. Hit like & follow guys ;)
ADX:EANDShort
by stalkstock
Looking so YUMMYTrend Fertiglobe is looking so nice at current levels I feeling like jumping in right away. Its been trending up however its about to break 200ema yet. For now its above 20,50,100 most likey we will see it breaking the resistance and close above 200ema very soon to establish a uptrend. Plan I think any bounce from the support area should be considered buying opportunity. However we will see the volumes and the candles forming into the support area. Hit like & follow guys ;)
ADX:FERTIGLBLong
by stalkstock
Very Tricky Be CarefuulTrend Overall the trend is still positive but now its been consolidating at the top for so many days I hope its not a distribution phase of this trend. We are seeing some weakness from the bulls but still there is no confirmation yet. Chart Patterns Well we can see a consolidation happening within a tight range and at the same time we can see price is testing higher resistance levels that is also indicating a triangle chart patter. My worry is if it breaks to the down side it will make a very big impact, panic selling will create more selling pressure and price can go lower from here. Incase if it breaks up then we are all smiling obviously. For now its looking weaker on daily and weekly chart I think it will break to the downside and create a mess...huh! Hit like & follow guys ;)
QShort
by stalkstock
ReadyyaahhTrend Multiply is on a strong uptrend and I think it will take a small break before breaking the next hurdle. Either it can come down to retest the immediate support or it will continue to go up from current level. Weekly closing is very bullish and i am expecting a continuation of this trend to the upside. Targets I think next resistance area is around 4.10-4.15 zone lets be prepared to book some profits in that zone and wait for a price action to plan new entries. Hit like & follow guys ;)
ADX:MULTIPLYLong
by stalkstock
Buying Opportunity?Trend No doubt Emaar Properties is on a uptrend since long time, for now after hitting the resistance its correcting itself and we are seeing some selling pressure with low volumes on daily chart. But i think soon buyers will jump in to grab this stock at support zone. Targets In mid to short term i am looking at 8dhs per share price for emaar properties, its very sound fundamentally and technically too. Real Estate Property market is booming in Dubai and this will also reflect on the emaar chart. Also Emaar properties may give out higher dividends. Hit like & follow guys ;)
DFM:EMAARLong
by stalkstock
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Which Scenario ??Chart Pattern Is it forming inverted cup and handle pattern (scary) if yes then buckle up! we ready to go south till about 0.550 zone. This scenario will change the trend and more down side can also be seen this will be scenario B Pattern Failure If this is a chart pattern failure then be ready for some big moves very soon and I think it will hit 0.8xx area very soon. But for this to happen deyaar has to close the price above 0.725 before breaking 0.660 so its a wait and watch game. Early entry However we can plan for a early bird entry as price is at support zone and target 0.760 area which will give us good RRR Hit like & follow guys ;)
DFM:DEYAARShort
by stalkstock
Will it survive here?Trend For now upp is still on a up trend but we are seeing its under selling pressure 12th July 2023. Support area is at 0.390 area and its been holding good so far. Its been retesting the same area again and again hopefully it will hold it and push the price up. Negative Scenario If the current level is not holding then most likely we will see it coming down till about 0.370 and then 0.350. Need Bull Power Bulls need to come out in open and flex their muscles to defend the current zone. I will only take it bullish once it breaks 0.410 till then its in a no trading zone for me. Hit like & follow guys ;)
DFM:UPPLong
by stalkstock