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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Good for buyIts at very nice level as we can see it broke the neck line that was resistance which will now act as a support level. Clearly in thursdays session it came back for a retest and have taken a bounce. Tomorrow most likely it will push to the upside next hurdle is at 0.290 bullish mode!!
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Nice tradeIts in a bull trend and this is when we have to enter the trade for profits. There is no point buying it at cheaper price when its in a down trend and getting stuck with it for months. We can see a bullish type of candle right at the support level. More upside expected and slowly it will climb to the upside.
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Bullish ModeIts now in bullish mode clearly we can see higher highs and higher lows good sign on bull trend. As i had mentioned in my previous trade plan 0.290 is a strong resistance which concides with 200day ema. I think it will cross this week and go towards next target. Overall now its changed the trend from bearish to bull trend.
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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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Approaching ResistanceIts at a strong resistance now, lets see if it can cross 0.805 to 0.810 also it concides with 200day ema with will make the resistance stronger as of now in no trading zone lets wait for a breakout and then we take the trade if it breaks to the upside till then keep stalking.
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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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StrugglingIts been trying hard but it comes back to the support level which is now very weak as its been tested again and again. Today again it have taken a bounce from the same support level no confirmation yet we can call it bullish when it will clear the solid technical resistance level of 0.280 levels. Till thn keep stalking!!
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