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Gulf Pharmaceutical Industries

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JULPHAR trade ideas

Julphar (ADX) Long SetupJulphar has been in up trend since 18th Dec with a lovely 33% profit so far. The stock is making a correction now touched the upward trend line which coincides with a a 1H demand zone. this DZ has been holding for the third time, the price expected to shoot higher whenever we have 3 touch points. Good time to enter or add to your position. Entry ~ 1.48 Target ~ 1.63 SL ~ 1.40 Remember, “The trend is your friend until it bends at the end.” ________________________________________ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk of loss. Always perform your own analysis and consult a financial advisor before making trading decisions.
ADX:JULPHARLong
by MESHANL
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.
ADX:JULPHARLong
by bryan_aaron
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
ADX:JULPHAR
by haroonraees