Stop Loss HitI entered this trade at 0.575 but next day market was in blood bath and GFH got punished as well. I exit at 0.570 with small loss. Trade didnt work out. No worries!! not all the trades will work as per the analysis what keeps us in the game is good risk to reward ratio. I came out with a small loss but i have my captial and can reenter some other stocks which have good setup. There is no point continuing with losses and keeping the position open. I am stalking this!
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News and tanked!!The news was so good that the stock jumped more than 10% but very next day it started to drop. Its at a very important level now, remember 0.285 it was strong resistance the same level will act as support now. Lets see if it can hold and we can see some nice candlestick patterns to enter the trade. Keep stalking!!
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Wait and watchTo get a good setup we have to wait and watch the market, if you just keep buying and selling without a proper trade plan you will notice you are eating up your captial and surely in losses. Amanat had some direct deals and it opened with a gap up but could not sustain the gains yes the trend iine is broken too. I am waiting for it to come at important support level that is 0.800 and take a bounce in that area. It can be a good trade setup as it will give a very good risk to reward trade. Looks bullish!
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Good Trade setup I can see a good trade in deyaar on sunday. It broke the trend line and have come back to restest at the same time we can see a bullish candle. If this setup is confirmed we can say deeyar will start a new uptrend. First target is 0.290 second 0.30 third 0.310 respectively. Looks bearish to me i will try to enter the trade in sundays session.
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Not holdingIt broke a good support of 1.00 and is under pressure. Thursdays closing is bearish and more down side expected. Next support is at 0.895 and then 0.805 area. No trade as of now in aman unless it becomes bullish again. Never try to catch a falling knife!! let it change the momentum to bullish we will buy at good support level. For now bearish!
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Very trickyWith todays candle emaar have confused us as a technical trader, It have made a new high but at the same time it have closed with red candle. Its always better to wait for a proper setup if we are confused we dont buy the stock. I will wait for another candle if tomorrow we can see a green candle it will help us to decide the trade and we can see it from a bullish perspective too.
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Power HouseFantastic performance today they disclosed financial results and it just exploded to the upside. Next target and resistance at 0.320 and support is at 0.300 tomorrow most likely it will open with a gap up as more buyers would want to enter the trade building buying pressure. If you want to enter the trade let it come back for profit booking when you see a bullish signal in lower time frame enter the trade. Very bullish now !!
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Can it break?It got rejected at the resistance that is 0.290, i think it will break as it have made a base at the support level and now its pushing to the upside. Once it closes above 0.290 it will make very wild move to the upside as more buyers will get accumulated. As of now just stalk this one and enter once it closes above 0.290. Its looking bullish but now we waiting for a confirmation.
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More down?Finally after consolidating for so many days it broke to the down side a good support got broken today. I can see more downside from here it looks very bearish. It can retest the same level again that is around 1.00 and get rejected to push it to the downside. Bearish for now!!
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Perfect BounceClearly we can safely say that 2.65 is a good support and its holding. The gap seems to be filling now and 2.71 seems to be a resistance but i think in tomorrows session it can break think and touch 2.75 Once it crosses 2.85 that is a strong resistance emaar will be very bullish again and it will touch 3.00
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Rejection!!After a inside day candle stock pattern it broke to the upside but today it got rejected at 0.579 i was expecting more upside but bulls lost the steam. Strong support at 0.570 if it holds and takes a bounce from this level i will enter the trade for a target of 0.595 and 0.610 respectively.
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Wicks Dont LieWith todays closing we can see a wick indicating buyers are at the lower level. It will be a good trade setup if it can cross 0.831 lets see in tomorrows session if it can push up to that level. Once it crosses that level i am sure many traders will jump in pushing the price to the upside. Stalk this one for tomorrow!!
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Nice BreakoutDeyaar have given a nice breakout after making some price action at the support level mostly this breakout cannot be a fake as it have spend good time at support level and then it have made a big move. I think more upside expected tomorrow. Change in momentum is seen bulls are active more upside expected.Bullish
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Good Buy? or BYEAfter a strong uptrend when the market is in a range there is always a risk of breaking to the downside as buyers are not able to push the prices to the upside and sellers are keeping it in the range. It can be a good trade tomorrow with a tight stop loss of 0.998 and target of 1.15 its a good risk to reward ration.
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Whos Buying it??Support level of 2.65 is holding as of now. Something to notice here is it was struggling to cross 2.65 during the trading hours but in trade at last that is last 5 mins it jumped and closed at 2.67 so who bought this ? Sure we can say that big boys found this price attractive and entered the market pushing the price to the upside. If we can see a close above 2.70 tomorrow we can confirm the shift in the momentum and it will be good chance to enter the trade. Why market changes is last 5 mins?? "MARKET IS OPENED BY AMATEURS AND CLOSED BY PROFESSIONALS "
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As per the plan If you are following my analysis i did mention it have made a inside day candle, to trade this one we have to wait for a breakout to either side and in todays session we saw a breakout to the upside and i think its good for a trade. First target at 0.580 second at 0.595.
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Perfect BounceIt have taken a bounce from a important support level we can see a nice sold green candle closing indicating buyers have got activated at this level. I think journey till 0.285 looks safe i have entered at 0.265 with a stop loss of 0.260 and target is obviously 0.285. In a downtrend but i have taken a trade based on support level. Quick entry and quick exit in play!!
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