No Change I was expecting a bounce in todays session unfortunately Emaar didnt perform at all and we see a closing in RED. Bearish and at a crucial support level. Lets see if it can break or hold here.
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EMAAR
Still With the Same IdeaIt looks like emaar is playing out as per the plan, can you see doji right at support? is it time to buy? No !! wait for a confirmation candle and price action to confirm the uptrend and then go for it. For now wait and watch game.
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EMAAR (DFM) - Prepare to BullishHumbled, 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.
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EMAAR (DFM) - Prepare to Bullish
Let It Come Down!! Most of the stock in dubai stock market are coming back for a retest which is a good buying opportunity. Emaar is coming down for a retest at a important level and we can by this stock if we had previously missed the breakout. Check out the trade plan below
Entry : 3.60 to 3.64
Stop Loss : 3.50
Target : 4.15
Risk/Reward : 4.45
2 ScenariosEmaar is developing a bullish candlestick pattern if tomorrow it opens positive and closes green this is scenario 1 else we go down to strong support area near 3.65 levels. Over all in a uptrend but due to covid market is pushing down.
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Good ConfirmationA nice pin bar right at the support indicating buyers are activated in that area and pushing the price upside also today with a solid green candle we can have a confirmation that new or fresh buying have started after the profit booking. Over all very bullish!!!
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Nice MoveEmaar made a nice bullish run and it crossed a strong and psychologial resistance of 4.00 and now its holding it at the same levels to make another big move. Next resistance is around 4.13 it order to continue the bullish momentum emaar should hold at 4.00 levels over all bullish !!
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Emaar Properties is showing bullish price actionDFM:EMAAR broke out supported by a bullish cross over between the 200 SMA and 50 SMA. Any pullback towards 3.26 or if the pullback extends toward 3.06 is considered a buying opportunity.
Short term targets with anticipated price action are shown on the chart.
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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!
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
Decide Please!!Emaar is stuck as of now and is not tradeable its strong support is at around 3.51 area now if we want to trade this we want to see it touching the support line and making a bullish candle if not then we go further down. Yes its in a uptrend as of now but very tricky to trade we need one more candle closing to decide and enter the trade.
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Price In a BoxIts in a uptrend but as of now in a range and it can breakout to the either side. Best way to trade this stock is to wait for a breakout if it breaks and closes above the box immediately enter the trade. Over all Bullish
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Sure Bullish But....Its at a crucial stage, Resistance is at 3.70 level and it have visited this area recently. Interesting point here is it did not make a deep correction its somewhere near the resistance and it want to break it. Sure its bullish as of now if the resistance is broken the next major resistance is at 3.95 level. Over all bullish
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Strong MoveNice and strong move to the up side by emaar. Its at a good level support is at 3.45 level and resistance at 3. 85 levels. Lets see if it comes back for a retest or directly hits the target. Most likely it can come down for a retest which will be a good chance to buy again. Over all its bullish no doubt about it.
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Can see some weaknessEmaar is in a nice uptrend but in last 3 session we can see some weakness. As of now support level at 3.15 levels it come come down for a retest anytime and resume its uptrend. Next target would be aroun d 3,45b levels Over all bullish!!!
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2 ScenariosIts in a nice strong uptrend. I can see 2 scenarios from here after seeing some weakness at the top and form thursdays session. Either it continues to the upside and touches 3.40 directly which is a strong resistance OR it comes down for a retest which is around 3.14 level and then make a move to the upside. In both the cases its bullish,
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Retest TIme?Nice bull run and now retesting the previous which will now act as support. If you have missed the trade previously at the breakout this will be a good chance to buy at the support level again. Very bullish a correction is now due to push up again to make it a new highs.
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Higher HighClearly we can see its making higher highs and its in a uptrend!! Its at a solid resistance of 3.05 with todays toji candle right at the resistance level i think its due for a correction which will be healthy. A small retrancement to 2.95 to 3.00 will be good and a buying opportunity for those who have missed the trade. Emaar can also be of very good investment for long term say around till next year exhibition 2020. Its prices will keep going up as we near the exhibition. Bullish & buy the dips
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Strong Support HoldsEmaar was at a very important and crucial support level which i mentioned in my previous analysis - 2.55 level. We can see some price action right at the support level. For the last 2 days its making nice big green candles infact today it opened with a gap up and came down for a small profit booking too but buyers again jumped in and pushed the price to the upside. Emaar has power to move the whole market it is big stock and it has got heavy weightage on market index. I will wait for a correction and then enter the trade. Looks very bullish for now this can be a begining of a new uptrend!!
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Still StrugglingEmaar under pressure while aldar in abu dhabi is performing excellent. It made a breakout that was fake as it could not hold the gains and dropped back at the important support level of 2.60 if this level does not hold the next support is at 2.45 over all its looking very bearish. For it to become bullish it have to close and sustain above 2.70 no trades yes just stalking. Looks bearish for now at at a crucial support level.
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End of Pain??It have been falling down since important support level was broken at 2.85 we are seeing a nice hammer candle right at the support level. So is the down trend of emaar finished? not yet we want to see a confirmation, once it closes above 2.68 it will be bullish for now we keep stalking we dont need to enter the trade first let the market decide and give us a some bullish signal to take the trade.
Once the resistance level of 2.86 is broken we can see a nice momentum to the upside.
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Dont Miss ITLooks very good for coming week look very bullish and can be bought with a good quantity. Very bullish for now dont miss it also it can be a positional trade for long targets. First target 1.53 second target 1.60
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Will it Hold?Emaar is on a free fall and it will soon touch very important support level around 2.55 i hope it does not break it and holds. Emaar has to make some positive move as it takes market with it. As of now looks very bearish and more down side expcted.
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Emaar!! Common take the market up!!This is powerful stock with heavy weightage on the index when this stock moves the market moves in the same direction. Its been under tremendous pressure these days. It broke the immediate support of 2.65 level and now its going further down, next support at 2.58 level then 2.55 as of now its in a down trend so we dont enter the trade thinking that it can change the direction. We wait for the confirmation that support is holding and thn we enter the trade. There is no point entering the trade in a downtrend and increasing or losses by holding the position. Just keep stalking this one.
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