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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Dubai
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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Got RejectedInverted hammer right at the resistance level is a clear indication of rejection. Tomorrow there are good chances it may retrace to the downside, if it makes some prices action and keep above 2230 level surely it will break 2240 very soon. Else more down side expected.
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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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BIG DAY TOMORROWIt will be a nice test tomorrow to see if market can cross 2240 level in one go or it will get rejected. 2240 to 2245 was a strong support level lets see if bulls are so powerful that they can break this barrier tomorrow. I am again getting bullish in the market.
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Some Relief Finally market have bounced off!! but have the new trend started? NO!! it have just shown us some indication that 2200 level is holding. There are 2 scenarios from here, first market goes up to the previous support level that was around 2240 which will now act as a strong resistance if it passes through successfully and moves upside we can say uptrend have begun again.
Second Scenario, it can retest 2240 get rejected and come down to 2100 - 2120 level. SCARY!!!
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In A RangeIts taken a bounce from a support level i was expecting it to come around 1.00 but it touched 1.05 and moved up. We can say its in a range. In sundays session if it crosses 1.07 it will be a good buy opportunity and first target should be 1.15. Over all its bullish and now in a range.
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Looks Very WeakLast week market started to free fall and in thursdays session we have seen a doji candle right at the support level will it hold? dont know yet we dont have any confirmation. Short term trend is to the down side its possible that market can go up to 2240 and get a rejection to come back again at the same level. Market Sentiments are negative as of now also people are eagerly waiting for the new of ARTC yes if the come up with something positive we can say market will take a good bounce. As of now bearish!!
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Looks Very ScaryHard times ahead guys ! it retest the previous support level which is now acting is resistance. I see more down side first support around 2200 next 2160 next 2100. Why is this happening? international markets in green and flying high why dfm is bleeding. Is it because of artc? or quarterly results that will be soon announced? bearish for now!!
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Bounce BounceIt have taken a bounce right from the support level and its good for a trade once it crosses 0.17 over all in a uptrend and its been traded in good volumes. Bullish
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Playing out as per the planIt have take a bounce right from the support level but as of now in a down trend good for intraday trading entry at 2.80 and exit at 2.86. If we see on weekly chart still maintaining its uptrend but in daily chart its not looking very impressive. I will not take this trade as of now.
What Next - ARTCYou have put all of the trades in trouble!!! Limit down, company liquidating and now suspended!!! after the negative news people are in panic and dont know what will happen about their shares and holdings. Market is still waiting for a Press release from ARTC to resume the share trading. We will know more details on sunday hopefully market will resume trading on artc. Panic !!!
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Perfect DojiMarket is still indecisive about UPP, we are seeing a perfect doji right at 200ema. I want to buy this stock but waiting for it to cross the resistance level of 0.307 once it crosses we can say that the trend have shifted and now ready to buy. Till thn stalk this one.
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Nice tradeIt did play out as per the trade plan, it took bounce right from the first support level and make a nice green candle. What we are see as per the last trading is a bearish candle inverted hammer candle so lets not enter the trade till it crosses 1.18 next resistance and target should be 1.24. Quick entry and exit recommended as market is getting fragile. Bullish!!
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Trying HardMarket is currently under pressure because of so many reasons one of the main reason is uncertainty about the impact of covid 19 other factor which impacted last week was negative news about artc which created a panic. Market is at crucial level and if we want to see continuation of bull trend we have to see market crossing 2295 level very soon else it may go back support level of 2240 which is now getting weaker as its been tested so many times and eventually may break to the down side. Still bullish on this market !!
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AAN The New Star In The MarketYes this stock is in lime light these days and people are trading big volumes on this one. Recently its been making limit ups too!! i would like to take this one as well but at support level next target is 0.20 over all its in a uptrend and good for a buy.
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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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Not Looking GoodWith days closing it have left us in doubts, its right at the important support level that is 2240 i was expected a green candle today but it could not perform today and we saw a bearish candle stick. If the market does not take a bounce from here we can more downside expected and we can touch 2100 level again that would be scary. Tomorrows closing is very important for traders as it will decide the future of the market. Still bullish
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