Deyaar BoomDeyaar is getting stronger fundamentally and technically as well. Thanks to the real estate boom in the DUBAI. New launches and deliveries is make Deyaar more profitable and its increasing its portfolio. Overall the trend in UP its been correcting itself on the way up so its healthy. Next strong area of resistance is at 0.763-0.765 zone
This stock should be above 1.00 early it was struggling but it has turned around now and its now trading with high volumes on daily basis. Still this is cheaper I think it will fly soon!!
Hit like & follow guys ;)
Powerful PerformaceEmaar properties showed good strength after releasing its financial results. Investors are happy with the quarterly results and we can see the smiles on the chart. Emaar is in a strong uptrend no doubt, it broke the resistance of 7.57 it has hit our targets and now its heading for 8.45
Real estate is booming in Dubai and Emaar is the biggest developer in the region. With new projects coming up and launches fundamentally its getting stronger and stronger. I think this time it i will cross 10.00 this stock is good for long term investment.
Hit like & follow guys ;)
Bulls are here to STAYAmericana performed very well after they released the news about distributing dividends. Investors got excited in Wednesday's session and bought it in big volumes. Best part is in Fridays session when volumes are usually low and people book profits we didn't see any deeps correction it just touched 3.22 and again buying pressure came in.
For now Americana is still in a strong downtrend we cannot confirm a trend reversal just with one green candle spike. For now immediate resistance is at 3.35-3.40 zone once this is taken out then major resistance is at 4.10 coming week Americana will be in spotlight so lets see if its sustains or give up the gains.
Hit like & follow guys ;)
Bayanat
Possible wave scenario
The strategic target for the Great C wave is 1.88-1.89
We are currently in the third subwave of the third major of C
If the bottom of 2.60 is satisfied, we will have a rise in the fourth branch to areas 3.07-3.35 (numbered in yellow), after which we will fall in the fifth branch. Only then will the third main wave of C end, then we will rise in the fourth major, then we will fall in the last towards the target.
Will Emirates NBD Bank rebound to 21.7 ?Daily chart, the stock is trading in a rising expanding wedge, and may test the minor support S1 line, then rebound to R1 line.
Above R1 line, the target will be 21.7
Below S1 line, target is 15.4 - and can be brakes by the support line S.
Stop loss below support line S.
Bullish continuing trend Based on the latest data from TradingView, Gulf Pharmaceutical Industries (JULPHAR) is currently trading at 1.33 AED. The stock has shown significant movement, with a 72.06% increase in the last month and a 72.50% increase year-to-date. Recently, JULPHAR experienced a strong bullish trend, breaking above its 200-day Exponential Moving Average (EMA) and surpassing the resistance level of 1.17 AED with robust bullish candles. This pattern indicates a continuing bullish trend.
Considering these factors and employing technical analysis augmented with machine learning techniques, my prediction for JULPHAR's future price is a continued upward trend in the short term. Specifically, I forecast that JULPHAR will reach approximately 1.45 AED in the near future.
JULPHAR | Bullish trend with anticipation of retracementObservation Summary:
Strong bullish Bias. On Jan 15, 2024, this stock got flagged as a volume leader. The price also broke above 200 EMA. Within 2 days, price broke the resistance of 1.17, with strong bullish candles. As per Hieken candles the trend is bullish continuation. Price is heading towards next resistance at 1.41 and 1.49. Price is also respecting the bullish trendline.
Anticipation:
~ Price has made a sudden increase but it is due for correction or retracement. It is aticipated that price might reach 1.49 but then retrace to the region of 1.29 till 1.31.
~ There is bearish divergence seen on 1H, 4H and 1D timeframes.
~ Also bearish divergence is noticed on volumes along with ABCD bearish reversal pattern on 1H.
~ All these signals hint towards price retracement and correction as people will book their profits.
~ But be concious for bullish trendline breakout as a confirmation for divergence.
~ If you have purchased at the time, EMA200 was broken then stay in the trade.
~ If you want to enter, then wait till price tracement goes to 1.29 till 1.31 level.
Trade Plan:
~ PLAN A: Long (@ Market)
~ EN: 1.11, QTY 200
~ SL: 1.05, TP: 1.49, RR: 6.3
~ PLAN B: BUY LIMIT Entry 1.29, QTY 200
~ SL: 1.17, TP2: 1.76, RR: 3.92
ARAM Bullish trend he 4-hour technical analysis for Aram Group on the Abu Dhabi Securities Exchange (ADX) from TradingView provides the following insights:
Oscillators: The summary of oscillators is largely neutral, with a mix of neutral, buy, and strong buy signals. Key oscillators like the Relative Strength Index (RSI) and Stochastic %K show neutral readings, suggesting no strong momentum in either direction.
Moving Averages: The moving averages are predominantly indicating a 'Buy' signal. This includes various types of moving averages like the Exponential Moving Average (EMA), Simple Moving Average (SMA), and others over different periods (10, 20, 50, 100, 200). This trend suggests a general bullish sentiment in the 4-hour timeframe.
Pivot Points: The pivot point analysis offers various support (S1, S2, S3) and resistance (R1, R2, R3) levels based on classic, Fibonacci, Camarilla, Woodie, and DM methods. These can be helpful for identifying potential price targets or reversal points.
Overall Summary: The overall summary of these technical indicators on a 4-hour basis leans towards a 'Buy' recommendation, indicating a bullish trend in the short-term. However, the presence of neutral signals in oscillators suggests some level of uncertainty or potential for volatility.
This analysis indicates that in the short term, Aram Group’s stock might experience bullish behavior