Change in momentumWe can identify a double bottom patter in deyaar which is bullish also it have broken the neckline/resistance and closed higher. With the current scenario in the market with low volumes there are high changes that it may come back for the retest, this will be a buying opportunity for those of have missed the trade. Shift in the momentum is seen lets hope that is sustains the gains. No harm in taking some small quantities.
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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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Good for long termThis stock is very good fundamentally and technically as well, also a good stock to be in your portfolio. After a morning start kind of pattern its struggling to cross the resistance that is around 1.22 zone once the resistance is taken out we can see it flying higher. Over all very bullish!!
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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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Will It Breakout?This stock is very slow with low volumes most of the time, overall insurance sector is under pressure for now. If this pattern gets activated it can be a very profitable trade. This is a bullish chart identified on a weekly time frame so the effect can bigger. Its in a range since so many weeks if it breakout positive the impact will be very big. Looks 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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Another Limit UP?Its holding at the support level for now also we can see a inside day candle - bullish, second gap is already filled a gap before that is not yet filled. If the market is positive and if it goes above 5.38 expect a limit up again. Else we can see some weakness and it come come down to fill up the gap it will but a opportunity - buy the dip!!!
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South or North?If we see the bigger picture on a weekly chart, we can see a breakout of a pole and a flag pattern. Yes we can see the breakout already and if the next candle or the last weeks candle can be taken as a retest candle which is a "success" for now then we can expect this stock to move slowly the the next target around 1.45-1.50 level. For now its a breakout, we should see a gap up opening or a flat opening it order for bulls to get activated. A gap down will discourage the buyers and will show weakness. Over all bullish!!
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Will it Fill Up The Gap?Its been performing very well, after a gap up its been in a range. There are chances it might come down to fill the gap. For now its at a very strong resistance that is around 1.57-1.60. We can already see a rejection candle on a weekly chart right at 1.57 for now its in a no trading zone. Over all in a uptrend.
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