Bulls are hereIt is in a uptrend and trying to go further high yes its near the resistance we can soon see 1.60 if the market is positive. Emaar should move higher to take real estate stocks more higher.
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DAMAC
Getting Ready...FIRE!!!Watchout this stock will soon make a breakout most likely to the upside. Risk to reward is very good and its a good time for entry! its surely bullish..thank me later ;)
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No Rush!!It have just closed at the resistance line, i am waiting for a clear breakout and a retest of the same area to enter the trade. We can target good risk to reward lets just wait for the correct setup.
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Good For Buy If BreakoutDamac is getting ready for the breakout, its at a strong resistance level as of now and this level is tested again and again. If it breaks be ready to buy this one.
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Damac - Dubai Financial Properties - Stock - Crazy Bullish
📍 11+ years experience in markets 📍Professional Stock market and Forex trader 📍 Supply/Demand Zones 📍 Frequent updates 📍Covering FX / Gold Spot / NSE-BSE / DFM / ADX / US Stocks 📍Real time updates
KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account
⏳ 1 weak - Chart analysis
THE PATTERN IS STILL IN PROCESS
Healthy Correction to buy to dips
Events taking place -
± 50SMA crossing the 200 sea suggest the bullish trend
±Created an another support zone between 1.10 to 1.20 can be a good buy area
± another good zone can be between .900
± Long term target can be set at 2.86 to 3.00
± for current month quick profit 1.50 to 1.55 can be achieved in the first few weak of jan it self
± Market will react and might retrace on each resistance zone
± HAPPY TRADING
Wait for itVery good stock in real estate sector after Emaar if you are holding this stock i would recommend keep holding it for very good returns. More upside is coming just be patient!!
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Good PerformanceVery nice push phase and strong move to the upside i think now it will rest for a while. On bigger picture we can see it just got rejected at 200day ema. Lets see if it can cross, i think it will take some time to rest before it breaks the resistance. But over all its bullish.
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Good for buyAnother good opportunity in damac properties i had previously mentioned too about it. In last trading session it have made a piercing line candle which is bullish. Next target as i have been mentioning it around 1.30 to 1.35 Buy this one!!
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Pattern BreakoutAfter the breakout of pole and flag patter its moving to the upside it also have retest the breakout levels. Next target is around 1.30 to 1.35 its very bullish and in coming days it will make some good moves. if you are in this trade hold on for better profits.
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Need to see a patternAfter the flag breakout damac is coming for a retest we want to see a exhaustion candle that is bear loosing the grip. If we see a hammer or a doji candle it will be a good indication that sellers are not active. Over all its bullish!!
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Pole & Flag PatternIts very bullish it broken the bullish pattern of Pole & flag, next target should be equallant to the pole that is around 1.30 to 1.35 levels. It can come back to retest around 1.10 levels but mostly it has to go up from here. Very very bullish!!
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Ready Set GO!!Looks like Damac is ready to fly again after the breakout it was retracing and now its holding at the resistance level to cross the major resistance that is near 1.212 this looks very bullish and can breakout any time from the range.
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ExplosionHit like & follow guys to show support !!
What a performance last week!!! it still didnt give away the gains and it have taken a nice support at the previous candles close. More upside expected on this one but if it goes below 1.18 there will be immediate selling pressure and can retrace upto 50% of the previous candle strong support level at 0.982 to 0.985 over all bullish
Cross the resistanceIts trying to keep it up once it crosses 0.930 it will move up very quickly as many traders are keeping an eye. Overall real estate is under pressure and not performing well. Looks bulish!
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Damac It did not bounce the support area so NO trade there is no rush to enter the market! Why? right at the support level we see a bearish candle so no confirmation no trade. But we keep stalking and see how it performs at the support level
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Good for buyIt broke the resitance level and with todays candle we can say it was a retest. Although its a red candle but it is bullish as wick says there is support at the lower level. How to trade ? if it crosses 0.930 it will be a good confirmation to enter the trade. Looks bullish now.
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Buy Chance?Damac is still looking good to me for the trade tomorrow. If the market is positive it can move to the upside. Although the market was bleeding today but damac still holding above the support level. It have not broken the support. Bullish
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Damac PropertiesIts closed right at the resistance level as of now if it crosses surely it will make a very move but if it get rejected we can call it double tops and price can start retracing to the down side. Tomorrows closing is very important. Over all in a uptrend.
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Damac very good for long termIf damac can stay above the current levels that is 0.966 surely we will see it cross 1.0 and it can give a very big target. The next resistance level that we can see as of now is at 1.417 level i am stalking it very closely i surely want to buy this one. Very bullish
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DamacIts pushing to the upside almost everyday, i personally like this stock and is most of the time profitable. Overall its in an uptrend and good for buy! Hit it;)
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DamacIt have closed in green and made a doji candle right at the support level. There are good chances of it going to the upside but due the to panic selling be prepared for anything it can again come down to retest the lower levels of 0.830 tomorrows session will give us good direction.
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Damac what went wrong?I was in this trade my entry was at 0.850 and was expecting a target of 0.950 unfortunately it stopped going out but i exited with a break even or even with a small profit My exit was at 0.870. Over all still good for a trade as its in a up trend and also at support level. Strong resistance at 0.902 if it can manage to cross 0.950 will be easy to see.
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DamacStill Damac is at the support level and looks good for buy, its on my list if it just takes a bounce i will enter this one and go long. Surely in a uptrend and looking bullish ready for take off
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