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.
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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Lower highs Lower lowsClearly in a down trend as of now, real estate sector is under pressure!! Deyaar have taken a bounce from support but still no trade as its in a down trend. I will enter the trade once i see a shift in the momentum.Let it break the trend line and major resistance of 0,.295 till thn no trades, keep stalking guys
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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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Emaar It could not recover properly from the panic selling that we witnessed last week. Also it broke the important support level and now its pushing to the downside. First support at 2.80 area second at 2.70 which is a strong support area. If a stock breaks down after a consolidation phase that is not a good sign and it means weakness. No trades on this stock till it gets bullish again.
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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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UPP Still StrugglingI think this stock will soon fly to the upside its stuck right at the support level that is at 200ema as of now. They will have a meetin gon 29th regarding the offer they have received once they announce it and officially declare this stock will move up and there are good chances of doing a limit up. I am stalking this one closely.
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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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salamaIts getting rejected at the resistance level, it have tried to cross it atleast 3 times but it failed. As we know if resistance is tested again and again it gets weaker. If market sentiments are positive tomorrow there are good chances that it will break the resistance and fly up. 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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