Second TryPreviously it tried to break 0.580 but it got rejected again in thursdays session it tried but got rejected. Once this resistance will be cleared more upside expected. Its bullish we can see good price action!!
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Good for buyIts still looking good for trade. Next major target should be 0.90 watchout market is due for correction so it might also follow.
Over all bullish
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No PowerIt took a bounce from support level but no bull power its in a down trend as of now so we stay away from it. Never buy a stock if its in a down trend. We wait for a reversal and then we enter the trade when we see a bullish sign. TIll that time stalk this one.
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Approaching ResistanceIts at a strong resistance now, lets see if it can cross 0.805 to 0.810 also it concides with 200day ema with will make the resistance stronger as of now in no trading zone lets wait for a breakout and then we take the trade if it breaks to the upside till then keep stalking.
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Its getting interestingDeyaar i have been keeping a close watch, clearly we can see its making higher highs meaning a trend reversal is taking place. Next target is 0.290 and then 0.30 looks bullish now!!
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Stick to the planStill its the same as per the trade plan if you have entered the trade hold on more upside expected. Keep a tight stop loss and stick to your trade plan.
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Retest?It have broken the upper range and in last session it have made adoji candle right at the support level which was previously resistance. It looks bullish till its above 0.845
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Higher HighClearly we can see its making higher highs and its in a uptrend!! Its at a solid resistance of 3.05 with todays toji candle right at the resistance level i think its due for a correction which will be healthy. A small retrancement to 2.95 to 3.00 will be good and a buying opportunity for those who have missed the trade. Emaar can also be of very good investment for long term say around till next year exhibition 2020. Its prices will keep going up as we near the exhibition. Bullish & buy the dips
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StrugglingIts been trying hard but it comes back to the support level which is now very weak as its been tested again and again. Today again it have taken a bounce from the same support level no confirmation yet we can call it bullish when it will clear the solid technical resistance level of 0.280 levels. Till thn keep stalking!!
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Change in TrendWe can see some reversal taking place here. Strong resistance around 0.805 to 0.810 level. If it closes above it we can take the trade and next target will be 0.850 and 0.90 respectively. Overly all looking bullish we just want to see a confirmation.
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Buillish Its still in an uptrend after the announcement i like to trade this setup that is a bounce from the support levels. Clearly a green candle at support level indicating buyers are still active and can push price to the upside. Next target 0.878 very bullish!!
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Getting ReadyIts getting interesting, we can see higher lows but we want to see a higher high now to confirm the trend reversal. Strong resistance at 0.282 once it crosses and close above it we can confirm the uptrend. Just stalk this one very closely for a breakout.
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Bullish PatternIt was one of the top traded stocks recently and its still in a uptrend. We can clearly see a bullish head & shoulder pattern and it have already given a breakout. Its coming back for a retest its a good chance to buy if you have missed it the next target is 1.16 looks very bullish.
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Very Bullish Catch This OneIt as trading in zone since very long time, this time it have broken the upper range very clearly. Next easy target will be around 0.880 catch this one with a tight stop loss.!!!
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EMAAR - Dubai Financial Market *****Please follow, like, and support this idea, if it helped you in anyway*****
***This is not a financial advise***
Emaar is on its way to fly high - and not thinking of looking back, It has broken the channel two time and got the rejection.
On the third time with the double bottom, it might break all the resistance coming on its way.
Additionally, it has also started trading as derivatives on the DFM, so buy and sell game will start
Stocks holder - keep an eye for long term and the target of AED 8 is easy to attain with in 5 years of time, short term, please stay away as it will jump and retrace quickly due to derivatives pressure initially
Overall, This is the heavy weight share on DFM,
Chart was prepared on request from Mr. Omar
Bullish PatternsIf you are following my trade ideas i mentioned that it made a nice bullish engulfing pattern right at the support level. Also it did come down for a test and now moving to the upside. Still looking bullish first target around 10.30
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Resistance Broken!!Today with a big move to the upside it broke solid resistance around 2.30 level. We would like to buy it but not now as its in a push phase let it come down for correction we will surely get a chance to enter the trade at the support levels. All we have to do is patiently wait for the price to come down and give us a good setup to enter the trade. No need to rush most of the time we just enter the trade and market just comes down!! thats because we enter at resistance level and its time for a correction. Looks bullish
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Strong Support HoldsEmaar was at a very important and crucial support level which i mentioned in my previous analysis - 2.55 level. We can see some price action right at the support level. For the last 2 days its making nice big green candles infact today it opened with a gap up and came down for a small profit booking too but buyers again jumped in and pushed the price to the upside. Emaar has power to move the whole market it is big stock and it has got heavy weightage on market index. I will wait for a correction and then enter the trade. Looks very bullish for now this can be a begining of a new uptrend!!
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Good Price ActionAlso in a down trend but now we can see some bullish price action, Clearly we can see its making higher lows and today it made a higher high. Looks bullish and more upside expected.
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