Emaar BreakoutIt have finally made a breakout of the triangle pattern it opened with a gap up indicating buyers are ready to enter at the higher prices but at the end of the trading session it just closed at 2.99 still its good. We have seen 2.95 is a strong level earlier it was a resistance and now it should act as a support so good buying level at 2.95. Bullish
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EMAAR trade ideas
EmaarIts in a tricky situation after making a push the the upside, as of now its at the crucial support level and we should soon see a decision candle to know if it is moving to the upside or down side. As of now dont enter the trade just stalk it till it gives a confirmation. Over all bullish but now in a funny situation
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Emaar Properties It was a very good trade to take in thursdays session as it was a very good setup its one of my favorite setup, stock in a uptrend thn retraces down to support and makes doji and thn makes green candle. If you have taken this trade the next target is 3.05 that will be a strong resistance level. Bullish on this one!!
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Emaar PropertiesAs i have been mentioning after the change in the trend the major hurdle is 2.95 level and it will shy to break it at first. In last trading session it have printed a doji candle with a gap down and closing within previous days candle. This is inside day candle and we wait for a breakout on either side and take the trade accordingly. I am over all still bullish but good level to book profits.
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Emaar Is it stong enough??Lets see how it performs at the resistance level which is 2.95 to 3.00 in my opinion it will take a little hold and the resume its uptrend. Once it crosses 3.00 it will surely retest and it will be a good chance to enter for who have missed this trade at the lower levels. Thats why its said market will always give a chance, if you are smart enuf thn you know when to enter and exit.BULLS!!
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Emaar Properties More Power Please!!!Its trying hard and market is coming up too with it as its a heavy weight stock, today it just tried to break the trendline but its still not confirmed i will wait for it to give a decisive candle. If the breakout of trendline is confirmed the next solid resistance is at 2.70 it can be good for intraday trading. So far not touching this as its bit tricky let it confirm the trend and thn we enter with a bang.
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Emaar My Old FriendWhat happen to you these days? haha jokes apart its in a serious down trend it retest 2.59 level and got a clear rejection clearly it means buyers are not interested to buy at high price and are selling it. Although other real estate companies are flying higher like deyaar, upp, artc.
Interestingly emaar is still trading within the big red candle that it made 3 days ago. We can all this as inside trading its still within the range ppl holding this stock are in losses as of now so if the price goes below 2.53 stop losses will be hit and more selling orders will executed.
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Emaar Properties is trying hard!!Its trying hard to climb up as artc is jumping up everyday which is also a real estate stock. But emaar is under performing these days. It have made a inside candle today again. Technically it will follow the direction of the breakout of its previous candle that is a red candle. We have to wait and see which direction its breaking and closing. Keep stalking this one. I am still bearish for this one till it closes above 2.70
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Emaar Properties Again emaar got smashed today its trying to rise up but sellers are pushing it down. We still stick with the same plan if the current support level does not hold that is 2.60 level it will quickly come down to 2.45 - 2.50 so far very bearish so no trades.
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