If you have seen my previous analysis on EmiratesNBD I had mentioned its stuck within a range for months, 14.25 was the resistance/upper range. It have come back to retest but we can see a huge Red candle with much of selling pressure this looks bit scary although I think buyers will tomorrow try to protect this level so that it does not go back into the RANGE which will be painful.
At the same time Banks will not increase the interest rates which will benefit banks so I think banking sector can be a good target for now for a new bull run.
Hit like & follow guys ;)
At the same time Banks will not increase the interest rates which will benefit banks so I think banking sector can be a good target for now for a new bull run.
Hit like & follow guys ;)