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Emaar!! Common take the market up!!This is powerful stock with heavy weightage on the index when this stock moves the market moves in the same direction. Its been under tremendous pressure these days. It broke the immediate support of 2.65 level and now its going further down, next support at 2.58 level then 2.55 as of now its in a down trend so we dont enter the trade thinking that it can change the direction. We wait for the confirmation that support is holding and thn we enter the trade. There is no point entering the trade in a downtrend and increasing or losses by holding the position. Just keep stalking this one. Hit like & follow ; )
DFM:EMAARLong
by stalkstock
4
Stop Loss HitI entered this trade at 0.575 but next day market was in blood bath and GFH got punished as well. I exit at 0.570 with small loss. Trade didnt work out. No worries!! not all the trades will work as per the analysis what keeps us in the game is good risk to reward ratio. I came out with a small loss but i have my captial and can reenter some other stocks which have good setup. There is no point continuing with losses and keeping the position open. I am stalking this! Hit like & follow guys ; )
DFM:GFH
by stalkstock
Wait and watchTo get a good setup we have to wait and watch the market, if you just keep buying and selling without a proper trade plan you will notice you are eating up your captial and surely in losses. Amanat had some direct deals and it opened with a gap up but could not sustain the gains yes the trend iine is broken too. I am waiting for it to come at important support level that is 0.800 and take a bounce in that area. It can be a good trade setup as it will give a very good risk to reward trade. Looks bullish! Hit like & follow guys ; )
DFM:AMANATLong
by stalkstock