UPP Very Good SetupAs i have been mentioning that UPP is getting interesting i have identified 3 bullish signals and with the positive news around it the stock will make a big move to the upside very soon. If you are a aggresive buyer its good time to enter, i would still like to play it safe and enter once it crosses 0.307 so till thn stalking it.
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Its not looking goodIt broke the resistance in thursdays session and today it have further dropped if it does not bounce from here next stop is at 2.70 and short term trend will change to down side. Emaar have to cross the solid near term resistance of 2.95 to show some strength. It have broken the range to the down side, trend is still to the upside but getting weaker now bulls need to active and show some power in tomorrows session.
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UPP Still StrugglingI think this stock will soon fly to the upside its stuck right at the support level that is at 200ema as of now. They will have a meetin gon 29th regarding the offer they have received once they announce it and officially declare this stock will move up and there are good chances of doing a limit up. I am stalking this one closely.
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2 ScenariosEmaar have broken the support level and also it could not recover after the panic selling. First we can say it can retest the resistance and get rejected to fall further down. Secondly it has to show some bull power and come back again the range or consolidation. So lets wait for it to make some price action and we trade accordingly.
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salamaIts getting rejected at the resistance level, it have tried to cross it atleast 3 times but it failed. As we know if resistance is tested again and again it gets weaker. If market sentiments are positive tomorrow there are good chances that it will break the resistance and fly up. Bullish
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3 indicationsWe can see 3 indications here that we can all as bullsih first its have broken the trendline, second there is a bullish divergence and third we saw a candlestick pattern - piercing candle. There is a big news that will be coming out on 29th or 30th of this month which is very positive. No trades on this one yet! lets patiently wait for the news and how the market is reacting to it. I think it will shoot up!
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Inside Day Candlewe can identify a candle stick pattern here after the last closing thats inside day candle. How to trade this? over all its too extended as of now a correction is expected and we should wait for it to take a bounce from the support level. However as per the books we wait for a breakout on either side of the candle and take the trade in that direction. Its surely very bullish!!
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Still Looking GoodYesterday we saw a pattern that is piercing line candle its bullish today it opened with a gap up but could not take off at the same time it did not close below yesterday candles close. Still its making price action i have a feeling it will give a big move to the upside very soon. Just stalking this one as of now.
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Aman Power HouseVery strong uptrend it broke a major resistance today and the same level should now act as support. As of now its too extended it can retrance any moment. Its good to wait for it to come to support level and thn take the trade.Over all very bullish in a strong uptrend.
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UPP Bullish Divergence?I can see a bullish divergence and today it have made a bullish candle stick patter - piercing candle. Still i am not ready to enter as i think it can be very choppy. I am waiting for it to cross 0.310 that will be confirmation as it will take out the previous swing high and also start to make a higher high bullish patter. Till thn stalking ;)
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