Emaar Properties Buy or Stalk?As mentioned in my previous idea, emaar closed in the support area with a red bearish candle but very next day as we stalk this stock to give us a good buy signal it made a inside candle, For those who are learning candle stick pattern inside candle is a candle that opens above the previous days close and closes below the previous days open. So is this a buy signal? can we buy now? firstly emaar is in a down trend now as marked in the chart i was stalking this stalk in thursdays session but it was only good for intrdays trade and in a down trend stock i dont do intraday trade. How to trade? as per the books we can take the trade at the breakout of the inside candle that means lets see on sunday which side it breaks out and closes. I am still bearish on emaar properties i think it will retest the upper level as marked in the chart and go down again.
Remember out analysis will not be 100% correct everytime, we just have to be 60% correct it means out of 10 trade if your 6 trades are successful we make good money as our risk to reward ratio should always be higher thn 1:2 or atleast 1:2 never take trade on 1:1 RR.
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EMAAR trade ideas
Emaar change in the trend?Emaar is bearish as i have been mentioning, today it went further down side and no sign of relief at the support area. Its been rd since 3 days there is a possiblity that it can retrace back a little but overall its bearish no doubt about it.
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Emaar whos buying? Its surely in a down trend now and no sign of recovery yet! even today it closed in red and lower. Who are the buyers here in this down trend??? retail traders are the one who get stuck in here with their capital, smart money & the big fishes are already out long time ago after booking their big profits.
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Emaar Properties Down trend making lower highs and not breaking upside, i will not take this trade till there is shift in the momentum and buyers step in just by making a green candle tomorrow i will not enter the trade. It has to close above 2.80 to change the trend. Since 24th june it made lower high and very bearish. Dont be trapped if it only makes one green candle for a day and come down.
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Emaar go!Emaar have made a perfect setup that i like to trade, it breaks the resistance comes back to retest and bounce back upside. Let us not forget that emaar have made a lower high and a lower low too but it recovered and started to trade above the swing low. Today it retested the support line and closed above yesterdays close. We can make 2 scenarios here, first is either it touches trend line and trade low or it breaks the trend line becoming more powerful and be very very bullish. For intra day trading yes this can be a good stock for tomorrow as the trend line is still bit far and profits can be made.
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Emaar Properties As mentioned in my previous idea it have become weak and is in a reversal infact its reversed for now it made a bearish doji candle today indicating more selling pressure. To become bullish it has to close above 2.75 and break the trend line. I will stalk this stock till thn and wait once it gives me my setup. Bearish for now.
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Emaar Properties why is it not performingEmaar one of the most heavily traded stock in DFM, whats wrong with it? lets analyse and understand. Firstly the immediate trend of this stock is a nice uptrend its making higher highs and higher lows thats a clear definition of a uptrend lets keep it simple. It broke the trend line on 30th june it also retested it the second day and it got rejected in last trading session it opened with a gap up which is a good sign showing that buyers are here and interested to buy this stock BUT heavy selling pressure was witnessed as expected because technically this stock have become week as i mentioned it broke the tradeline. The scary part is that it have started to make lower highs and almost made a lower low yesterday which is a small support area also. A crucial level is at 2.60 area now lets see how it behaves in sundays session. I would stay out of this stock as this looks bearish to me for now.
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Emaar PropertiesIts under pressure after making inside candles and it moving lower. As of now its not tradeable as we dont have a clear direction. Sometime not trading is also profitable decision. Today it printed a red candle and closed below the previous close. I think there is more down side to come. Lets stalk this stock to see which side does it break out. Happy Trading :)
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EMAAR PROPERTIESYes Emaar finally have given a breakout to the upside today at the same time we can also see the it had made a cup pattern. I will wait for the retracement or to make a handle and go long. We are still in a medium to short term uptrend and below 200 ema. It would be so exciting to see the price crossing above 200 ema taking emaar properties in a long term up trend. Happy Trading.
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Emaar Properties where did the bulls go?Big sell off in thursdays session, it opened at the resistance zone and could not go higher. Heavy selling pressure at the resistance area pushed the prices low and closed in solid red candle also forming a engulfing pattern which is a bearish pattern. I think it will retest 2.43 to 2.46 zone which will fill the gap and thn go up to continue its short term up trend. Lets see how the closing of this stock to decide on the direction. Happy Trading :)
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Emaar Properties - Up trend or Down?Emaar properties today made a jump towards a bullish trend. Bulls pushed the price high and closed high confirming no bears for now. My weekly target will be 2.90, its a good buy at the current levels. Though it can face some resistance at 2.680 but i think it will be cleared with the positive fundamentals coming in. Happy Trading :)
Entry level 2.580 to 2.590
Stop loss 2.538
Target 2.90
Risk to Reward Ratio 5.5
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Emaar - DfmEmaar is in a solid long term down trend but at the same time it gives opportunity to buy this stock at cheaper levels for long term investments which can give good returns. At these levels surely many investors would pick this up and keep this stock for a year or so and enjoy the dividends on quarterly basis. Me as a swing and intraday trader i am not trading this particular stock. Happy Trading
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Emaar - DFMEmaar is in a short term rally making higher lows but we need to see higher highs to confirm the trend. Also its in a serious down trend as its below all the EMAs. My suggestion would be to take small position and to close it with small targets till a proper and mid term trend is established. On the fundamental side a good news on oil deal will push the prices breaking the near resistance. Happy Trading
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Emaar Properties - Intra Day As a intraday trader i see a good opportunity to buy emaar shares, currently at 2.30 and is showing good price action on 1 hour time frame i will look for a good entry in 15 mins time frame and execute the trade with first target at 2.476. Stop loss at 2.237, good RR ratio to be in the trade. Lets see how the trade folds out. Watch out this space for more updates
Emaar is showing a potential price increase following previous ideas on Emaar
technically speaking Emaar is falling to 4 AED , which is lower prices then 2016 low 4.25 ,
the current price market has shown a form of rejection to close below 3.90 on daily TF ,
expecting an increase to 5 then next 7 , 9 , and looking to ultimately take a target of 12.