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7203
Ideas

ELM CO

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7203 trade ideas

ELM (TADAWUL: 7203) - Double Bottom Breakout Setup The price action on the 4-hour chart of ELM CO (TADAWUL) has formed a double bottom pattern, signaling a potential bullish reversal. Trade Idea: A breakout above 1115.0 confirms the double bottom pattern. Risk management is crucial – placing SL below bottom at 1048 to ensures controlled risk. Key Levels: Neckline Breakout: 1115.0 (Entry Point) TP1: 1182.0 TP2: 1249.0 Stop Loss : 1048

Long

by m_ranwar

Elm (TADAWUL: 7203) – Key Gann Levels in Play!Elm has been on a rollercoaster ride, experiencing a strong uptrend before hitting resistance and pulling back. The stock is now trading around 1,059 SAR, testing a key 360° Gann level at 1,015 SAR. So, what’s next? Let’s dive in! Could be the scenario ;) 🔍 Technical Breakdown: 🔹 Resistance Levels: 1,181 SAR (405° Gann level) – A key zone that previously acted as resistance. 1,359 SAR (450° Gann level) – Breaking above this could restart the bullish trend. 🔹 Support Zones: 1,015 SAR (360° Gann level) – Crucial support currently being tested. A hold here could trigger a bounce. 862 SAR (315° Gann level) – Next potential support if selling pressure continues. 🔹 Trend Analysis: The stock had a massive bull run before topping out and now seems to be in a correction phase. If bulls defend 1,015 SAR, we might see another upside attempt. 🎯 Potential Scenarios: 🟢 Bullish Case: Holding 1,015 SAR could lead to a retest of 1,181 SAR and, if momentum continues, a push towards 1,359 SAR. 🔴 Bearish Case: A break below 1,015 SAR could signal further downside towards 862 SAR and possibly lower. ⚠️ Key Takeaway: Elm is at a make-or-break level! Will bulls step in at 1,015 SAR, or is more downside ahead? 💬 What’s your outlook? Share your thoughts in the comments! 🔽🔥 #Elm #TADAWUL #StockMarket #GannAnalysis #TechnicalAnalysis

by Magic_xD

Long Setup Cup & Handle Formation along with Ascending Triangle. Good to Buy at Mentioned Entry Point.

by House-of-Technicals

Updated

Elm Stock Warning for Buyers Elm Stock Warning for Buyers Reason: No new FVGs, indicating reduced bullish momentum. Warning: Buyers should be cautious as the price nears mitigated FVGs or Supply Zones. Action: Avoid new entries until clear confirmation of demand resurgence or breakout above key levels. Observation: Watch for bearish rejection or price consolidation as signals of a potential reversal. Stay alert to price action and avoid overexposure.

Short

by Asif_Brain_Waves

Though Still Bullish but ...Though Still Bullish but there is a Bearish Divergence on Monthly as well as Weekly Time Frame; so one should stay Cautious. To remain Bullsih, it should Cross & Sustain 1190 - 1193. & if this level is Sustained, we may witness 1380 - 1400+. On the flip side, if 1000 is broken, we may see Trend Reversal.

by House-of-Technicals

7203: Strong Support ELM has been in correction for a while. Bullish trend has started in recent past (Parallel Channel breakout). Price is in consolidation at a strong support level. Entry can be taken now with Conservative SL or Aggressive SL Manage your risk and trail SL

Long

by YASIRWA

7203 The price is currently testing 200 day EMA with the closing price of 842.4 in the last trading session. Moving forward, if this level sustains then a possible pull back can be seen in its price with the initial resistance lies around 954 and secondary resistance level lies around 1,003. Use stop loss at 815 just below the recent low.

Long

by mbaberhanif

Updated

7203 The price action is in uptrend making higher highs and higher lows and currently pulls back from 100 day EMA and currently testing 50 day EMA and closes at 942 in the last trading session. Initial resistance lies around 1,000 and secondary resistance lies around 1,120, upon breaching these levels the stock has potential to make more higher highs. Use stop loss below 910 to manage risk.

Long

by mbaberhanif

Bearish Divergence on Weekly TF 890 - 900 may act as a Good Support Stoploss should be below 890 on closing basis Targeting around 930 - 950

by House-of-Technicals

Should wait for Breakout?Closed at 977 (20-03-2024) Bullish Divergence on Hourly TF a Very Strong lies around 894 - 900 Entry can be taken with a Stoploss of 890 on Closing basis

by House-of-Technicals

Updated

ELM CO these arrows indicat that the ELM CO is trying to swip out more buyers before continuing the long trend

by abdel-ali

Falling wedge Falling wedge in up trend , increase in volume , retest done and moving average 50 support .

Long

by Oms10

7203_Breakout (Bullish)7203 has been in bearish trend (correction) for a while after making All Time High. Formation of LL, LH respecting a descending trendline resistance (Triangle Top) Recently has made a double Bottom confluenced with Golden Pocket, Good Support Level. Breakout of Descending Trendline is observed for first time in a while. After retest, trendline is respected (acting as support). Long position above horizontal resistance line can be taken (confirmation after formation of HH) Bullish trend will be confirmed after formation of HL Trade with SL

Long

by YASIRWA

Elm Company .. 7203 - Falling wedge ✅ - Breaks the trend line ✅ - High Volume ✅ - Retest ✅

Long

by ali_amnyan

ELM | 7203 | #TASI That's a good candle for today, in my opinion, it's good to buy today and tomorrow unless the bar shape is change. Don't be rush. TADAWUL:7203 STOP LOSS IS CLOSING BELOW 740.

Long

by MoathSaleh

Updated

7230 In this there is likely price come for fib retrecment likely it will go up from there

Long

by RoohullahAli1999

ELM -7203 ELM -7203 primary trend is maintained Still following primary

Long

by mkalidas2006

Updated

ELM forcasting This idea is posted for prediction according to Gann Science. The times are clear, the goals are clear, a condition for the success of this analysis is not to break and close below the channel for two consecutive days.

Long

by AboHuda

ELM (7203)· 277-280 are a strong levels by Gann , Fibonacci , and Harmonic. - good luck.

Long

by HAllharbi

Updated

7203: ELM (Potential Bullish Setup)ELM is moving in consolidation phase for quite some time. Price is in upward trend on higher time frame. Watch for channel breakout Trade with proper stop loss

Long

by YASIRWA

ELM short future plan According to the chart ELM is going to hit the up trend soon or may be not .. Buy or sell up to you

Short

by Ryanmoh

ELM Co. | 7203 | Series of HH & HL A series of Higher highs (HH) and Higher lows (HL) is formed on the chart which shows an uptrend is in play.

Long

by usmanwalana

7203:TASI Respecting Trendline Support Bullish Trend with series of HH and HL Possible Breakout of Symmetrical Triangle Enjoy the ride with trailing stop loss

Long

by YASIRWA

Updated

11 22

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