Get ReadyMajor resistance is at 4.50 and that was the target i had indicated earlier. I think Emaar had a good run after a small accumulation right at the top. I have been recommending this stock since long its very bullish even after the resistance more upside is expected.
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Emaarproperties
Fill The Gap?Last closing is good and at least its holding up, the gap that it created now will potentially act as resistance. Emaar is still bullish we can see 20 and 50 day moving averages are holding it. Over all emaar is bullish but major resistance at 5.10 level. Wait for market reaction tomorrow and then go for it.
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To The Moon?Emaar have released their financial results, as we know its in a bullish chart pattern for now there are good chances for it to break to the upside, good for a swing trade. At the same time looking at geo tensions market can even react negative and the chart pattern can break to the down side. Tomorrow if it opens with a gap down wait for a bullish price action, if it opens flat it will be good buying opportunity, if it opens with a big gap up then wait for a retracement and buy at a bullish candle.
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Lets GoIf emaar is positive tomorrow with emiratesnbd I think market will cross 3200 and it will be considered as a good closing for the week. Also emaar can lead other real estate stocks along with smallies. For now we can see 2 successful bounces from the support zone and its been climbing up for the last 3 days. I am positive it will give market a good push.
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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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Bearish Mode For NowFor now its under pressure more selling will be triggered if it goes below 4.70, strong support at 4.65. If we want see a bullish scenario we can expect market to make a inside day candle tomorrow and later in the week close above 4.90. For now its in a no trading zone.
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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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More UpWe can see similar pattern previously after every red candle market pushes up, thursdays candle is positive and buying have again started. I think more upside is expected on this, lets wait for a break of this trend line to sell till thn its good for holding. very bullish after the financial results.
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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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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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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
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