Emaar, Educational Idea!Patterns speak loud. This is what I think.
Feel feel free to correct me.
I have a minimal position here. after booking the Covid profits!!
EMAAR
Pattern Failure!! Scary well most of us were expecting a good breakout to the upside of this chart pattern but unfortunately its a failure, its under pressure and i am expecting it to come down the the next support level. For now its not recommended to buy!!
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Good To Go HigherNice breakout of the triangle pattern, also a successful retest. I think Emaar is now very bullish and its at a very good buy zone to target 5.30 market is about to open in 30 mins all the best guys.
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Wait for a confirmationThis is a volatile stock with heavy weight on the market index. For now its stuck within this triangle pattern. I want to see a breakout with big volumes to buy and hold as there is very good potential in this stock. If Emaar breakouts it will lead the real estate sector and many other stocks will move up along with it also pushing up the market index. Yes there are some resistances on the way up but when it moves it will break and go past easily. Fundamentally its very strong too. So lets wait for the breakout for now.
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Emaar Properties one of the leading developers in the region and one of the stocks I hope to buy in the next cycle after prices drop substantially
Get ReadyOver all bullish and it have recovered from the previous fall, I think it will make a big move soon to the upside. Its right at the support and at a buy zone sellers have tried to bring it lower but the very next day we can see bulls taking charge and holding the support zone. Very Bullish!!
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Market Gives a Hint!!After the delisting of emaar malls today many of the traders got swap shares and many booked the profit. If we read the candles yesterday was first indication that market may sell off. This is the power of technical analysis. Support zones are marked in white lines watch out for a good chart pattern to enter the trade. Wait & watch game for now.
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Buy or WaitEmaar is over all bullish but for now bit tricky, good chances for it to touch 5.0 which is strong technical and psychological resistance area. We can see its making higher highs and higher lows but as of now bit extended too. With strong fundamentals and merger news there are good chances of it crossing or atleast touch 5.00
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Emaar Is Ready!!!I think Emaar properties will have a spectacular performance very soon, technically its looking bullish and also they are about the release the financial results which is expected to be positive. I see a good place of entry here and i also expect it to gap up tomorrow. Over all its bullish!!
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Will it make a new highWe can see a triple bottom chart pattern here. Good news is that this particular level is holding and buyers are stepping in to hold this level. Volume is above average, it looks good for coming week. Emaar is good for a long term investment with strong fundamentals.
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Selling PressureIts going through selling pressure, real estate is not performing well in the stock market for now. This level is tested 3 times already and now its getting weaker bulls have to soon jump in to protect this level and bounce up else more downside is expected. As of now its in a no trading zone, dont try to catch a falling knife plenty of people have gone bankrupt trying to catch the bottom!
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Real Estate Under PressureOver all market is weaker, Emaar is also not performing although real estate sector have been performing well and have picked up ahead of expo2020. Its are a support zone now lets hope to see some buying pressure around this area.
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Emaar Looking Weak!!Last week was not very good for Emaar Properties, selling pressure was seen almost through out the week. With important support level broken its looking weaker. Immediate support is at 4.05 and resistance is now at 4.15 we can see 2 possible scenarios from here, First it may come down to retest a strong support at 4.00 or it moves updates from the last closing. Its in a no trading zone as of now, Not Recommended!!! Lets wait for a proper breakout.
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Panic In The MarketA very high weighted stock like Emaar is under pressure and is pushing down the whole real estate sector. International markets are surely getting the negative effect from the Chinese real estate company that is almost about to collapse. With some recovery seen in the international markets today lets hope to see some stability in Dubai Stock Market as well. Emaar is over all bullish but as of now under pressure. First support at 4.00 next at 3.95 now resistance is at 4.15 lets see if it can break tomorrow or it comes down further for a retest.
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DFM breaking out of the flag patternDFM:DFM formed a flag pattern after achieving the ascending triangle target and is expected to post further gains. Anticipated price action and targets are shown on the chart, stop loss daily close below 1.09.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
EMAAR - Buy OpportunityNote : If you have any questions, feel free to send me message
Greetings
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).
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 :
EMAAR - Buy Opportunity
Good PerformanceIt made a good run to the upside very bullish and after the breakout of bullish pattern it made a new high. We can see a bearish candle in last trading session it can come down for a retest. However if it wants to go more high we should see a bullish candle tomorrow as a confirmation. Over all in a uptrend.
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DU Breakout Inbound!Seems like DFM:DU is forming a triangle and so we could be seeing some big moves coming from it soon enough.
We're currently waiting for the triangle to fill out and then can expect some movement in the market.
Looks bullish at the moment since it is testing the 50 RSI and the MACD is clearly bullish
We could be seeing highs of : 7.02
or lows of : 6.47
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(Not Financial Advice)
EMAARMALLS Squeeze InboundSeems like DFM:EMAARMALLS could be seeing a breakout soon. Just waiting on the triangle to be filled out. Expect some action within the next few days.
Looks bullish with a 50+ RSI and a MACD above the neutral line.
Potential high: 2.15
Potential low: 1.81
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(Not Financial Advice)
Uptrend Still IntactThose who are thinking emaar have started downtrend are wrong!! its still in a uptrend yes it have broken the support level today but its approaching a major support area. I am very positive it will bounce near the strong support area. Bullish
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Nice Price ActionEmaar Malls have made some good move with good price action and ready to go more up with pull backs, wait for a pull back and enter the trade this looks bullish for now.
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Bullish!!Emaar made good moves last week after consolidating in tight range. It have broken the resistance as well nice entry if you have already bought it if you have missed this one wait for a pull back and take the entry. Looks bullish now!!
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Down Down!!This is a falling knife do not try to catch it, wait for a confirmation and thn trade. As of now in a down trend!! stay away from this one for now.
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