Is It Good Time To Buy Emaar Stocks?
Although real estate is performing just fantastic, financials are also very good & promising so why is Emaar Stock Price not going higher. Not only Emaar we can also see other real estate stocks like Deyaar, Upp & Emaar Development.
Fundamentally there is nothing wrong with the companies, real estate is again booming in Dubai. It is very good time to invest in properties.
Geo Political Situation
The world is going through a phase of uncertainty first we were fighting Covid 19 and now we have a new situation which is effecting world that is Russia – Ukraine issue. Markets are very volatile even Blue chip companies are under pressure. Trending stocks have either gone side ways or starting a downtrend as people are just cashing out, also there is a alternative to stocks that is GOLD.
Lets Talk Technical
For those who are still confused if Emaar is trend up or down just to clarify Emaar Stock is in a clear uptrend. Technical resistance of 5.20 was broken and we can see market from there is not dropping drastically its just printing “Doji” candles which means market is not clear about the direction from this level due to geo political issues. Over all its very bullish I think its good time to buy with proper risk management to target 5.40 for a swing trade.
Stop loss should be kept at 5.15 and entry between 5.22-5.25 depending upon tomorrows opening.
I think Emaar Stock Price should soon start gaining momentum.
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This analysis is for educational purpose please do your own research before investing.
All the best!!