Waiting for Fresh buyingBurjeel made a nice move to the upside as per the plan many made good money last week. Its going through correction phase but overall this stock is still very bullish. Very soon I think it will break the resistance of 3.10 area and will be trading above 3.40 fundamentally this stock is very strong and Burjeel is starting operations in Saudi its expending its business. Keeping this stock in portfolios will also attract good dividends.
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Burjeelholdings
Hand onI 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 stock in adx market.
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Positive LookFor now Burjeel is looking positive and its in a chart pattern, lets wait for the breakout i am still very Bullish on Burjeel Holdings. Tomorrow if it opens flat or with a gap up most likely we should see it going north. Else if overall market is negative it may come down for a retest.
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Under PressureSurprisingly ADX stocks are not performing well for the last 2 months or so. Market can come down to retest the support level again that is around 9800. Burjeel will also be added to the index, its getting listed tomorrow so expect so high volumes. All the best to Burjeel Holdings.
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