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.
EMIRATESNBD trade ideas
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It will Hit AgainA very heavy weighted stock in Dubai Stock Market, after the dividends its very normal for the price to drop. But the most important thing after the drop is to sustain and bounce back again showing the strength in that company & stock. We are seeing similar kind of reaction from the market its trying to bounce back I think we should wait for a breakout of the sloping trend line and then trigger the trades. Over all its bullish!!
Hit like & follow guys :)
Back To PavilionIf you have seen my previous analysis on EmiratesNBD I had mentioned its stuck within a range for months, 14.25 was the resistance/upper range. It have come back to retest but we can see a huge Red candle with much of selling pressure this looks bit scary although I think buyers will tomorrow try to protect this level so that it does not go back into the RANGE which will be painful.
At the same time Banks will not increase the interest rates which will benefit banks so I think banking sector can be a good target for now for a new bull run.
Hit like & follow guys ;)
EMIRATESNBD (UAE) - Be Carefull for retraceGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox).
Send me message if u have question or need signal ofr QAE, DJI, NASDAQ
Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
EMIRATESNBD (UAE) - Be Carefull for retrace
EmiratesnbdI dont trade this stock, however my followers trade this one so i do the analysis for them. I did mention in my previous analysis to wait for the buy signal to go long on this one.In thursdays session it made a nice bullish bar right at the support level which gives us a indication that bulls are here and interested to buy this stock. More upside expected.
Hit like & Follow
A Weekly bounce may result in a Daily BreakoutEmiratesNBD is bouncing off support in the Weekly chart.
And in daily we have some attempt for a possible breakout.
A classic breakout and a retest should be observed before attempting to get long.
We are just playing bounces and it is hard to tell if we will witness a reversal in the overall bearish trend.
Daily Chart
MACD and RSI are showing us a nice divergence in H2 Chart