Americana 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...
At current levels qholding is looking interesting, right at the support level that is 3.30 good chances fresh buying can come in but due to the massive IPO that is Dubai Taxi Company we may see low volumes in the market so many stocks will suffer as investors will give priority to the big IPO. But i think once everything is settled this will be a good stock that...
New entry in Abu Dhabi Securities Exchange is Investcorp Captial. It opened at 2.30 and its been hanging around the same price level which is good looks like its just establishing support for now. Good chances it can break higher from current levels. But at the same time lets not forget Dubai Taxi Company IPO will be starting from tomorrow and its a huge IPO so we...
We are seeing some buying pressure right from a important support area for now, but this can be a short recovery too. But still we can take advantage of this correction phase to make some quick profits. Watch out strong resistance around 3.40 zone so plan your entries accordingly. Overall stocks are under pressure and now showing some signs of recovery. Hit like...
Most of the stocks went into crazy selling pressure due to the global scenario, but now we are seeing some recovery coming in. One of the powerful stocks is qholding for now we are seeing some buying coming in but still we can expect a correction at current levels so watch out and plan for quick entry and exits. There are good chances this stock and reverse a...
With todays candle close we are seeing some sign of relief, but still over all the trend is to the downside, this can be a short recovery. There are good chances it can hit the resistance to make a lower low. Over all this stock is very strong and also fundamentally the company is very powerful. Due to the geopolitical scenarios our stocks are taking a beating for...
Looks like Presight is done with down trend and potentially there are good chances that it can reverse from current level. We are seeing fresh buyers joining the club at 2.90 area that is support for now. Double bottoms will be confirmed once we see a breakout and a close above 3.03 once this chart pattern is confirmed then I think it will try to retest major...
Trend Multiply is at a very crucial support zone for now that is 3.95-4.00 if this support zone is broken then we can witness more selling pressure and it can retest 3.80 area. Over all trend is still uptrend. Bulls have to flex up and show some power. Targets Strong resistance at around 4.10 zone but since multiply has spend so much of time near this zone if...
Trend Identification Still the up trend is intact, after the strong move from 2.35 zone qholding is now under correction but i think very soon bulls will regain the control. For now its just trading within the channel. Breakout Soon i am expecting a breakout, once the price closes above 3.70 i think people will start reentering this stocks with good volumes....
I am still bullish on this stock, its still in a uptrend as of now its in a ascending triangle chart pattern. With todays closing it have made a doji right at the resistance creating confusion for tomorrow. But i think its worth taking a chance as this stock has a potential to make big moves. It is good for intra day and swing trade too. Over all this is bullish...
Trend Its still trending up, but for now it has hit the resistance at 4.10 area, today i sold multiply at 4.07 but i think it will come down for retest at support zone and this will be a buying opportunity for those who missed it at lower levels. If it comes around 3.95 lets wait for buying pressure and then pull the triggers. Hit like & follow guys ;)
Trend Overall trend is still intact, qholding is still in a uptrend. But for now its looking very scary its been going side ways for so many days and I think this week it will breakdown (big Move) Since its been just ranging which obviously market does not like. Break out Which ever way it breaks out the move will be bigger, if it breaks down those holding...
Trend Etisalat is in a strong downtrend for now, for the last 2 days we are seeing some bounce/short recovery. We cannot trust this move as this can be a correction phase of this massive drop to the downside. We wait for a proper bullish price action to take any position. Fib Level Watch out 50% Fib level area if we see rejection candles around that area it...
Trend Fertiglobe is looking so nice at current levels I feeling like jumping in right away. Its been trending up however its about to break 200ema yet. For now its above 20,50,100 most likey we will see it breaking the resistance and close above 200ema very soon to establish a uptrend. Plan I think any bounce from the support area should be considered buying...
Trend Overall the trend is still positive but now its been consolidating at the top for so many days I hope its not a distribution phase of this trend. We are seeing some weakness from the bulls but still there is no confirmation yet. Chart Patterns Well we can see a consolidation happening within a tight range and at the same time we can see price is testing...
Trend Multiply is on a strong uptrend and I think it will take a small break before breaking the next hurdle. Either it can come down to retest the immediate support or it will continue to go up from current level. Weekly closing is very bullish and i am expecting a continuation of this trend to the upside. Targets I think next resistance area is around...
We saw some crazy moves in qholding , for now its taking a pause right near the strong resistance area. Last closing is not very promising we can see some sellers coming out of the bush in some volumes. At this point of time we need angry bulls to jump in are defend the territory. Price is above 200 EMA giving us good indication its in a uptrend. But now...
For now multiply is looking very positive , after the strong move to the upside its correcting and i think its taking a breather before it makes another violent move tot he upside. If we look at the weekly chart it have broken the range already and now it seems like its just taking a pause above the support zone. Last three candles are bullish we can see buying...