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Dubaifinancial

Dubai Financial Market- More Down?Interesting session today, market opened positive today and traded positive till 11am and thn all the shares kept dropping. This is a sign of weakness, selling pressure and early profit booking. Investors are not confident in holding their positions and want to exit quickly. If we take a closer look in the same area in the previous swing high market took a holt at the same place and continued its correction it is not a major resistance zone , market may continue upwards from here as it didnt hit any major resistance yet. Tomorrow being thursday last trading day of week there is a good chance traders may want to exit their positions. Overall this is a weakness in the bull market but we are still in bull phase. I am still bullish :) Hit Like & Follow For Support
DFM:DFMGILong
by stalkstock
Dubai Financial Market Bulls Bounce BackYes bulls have shown some power in todays session, price was stuck in a range for the last 5 sessions today it almost broke up side with a strong move. This signifies there is buying pressure and bulls are active. Price have consolidated here for 5 sessions it was a consolidation phase and there is a good potential to touch the recent high that is 2160 level quickly. I have been bullish and still bullish in this market. Check out my insta for tomorrows trade and stock picks which has potential to move upside Hit like & follow
DFM:DFMGILong
by stalkstock
AAN - Intraday Trading OpportunityIf you looking to play safe and with small capital these small ticket stocks are very good to try your hands on with tight stop loss as its not very volatile. I will try to take this one tomorrow as market is bit heated and can retrace any time so just for intra day trade i will look for a buy chance around 0.135-0.137 and sell it around 0.145 small target but its good for the intraday trade. Remember we have to be consistent and patient profits will come automatically. Happy trading ;) Hit like & follow
ALong
by stalkstock
Aman - Good Buying OpportunityThis stock is slow for sure, i have been stalking this stock for a while i was looking for a buy signal and to break the trend line, this is a good example of support becomes resistance and vice versa. I have made a pin bar right at the support area which was a resistance area earlier. Why we taking this trade? Because there is a momentum shift in this stock in was up trend thn it retraced downwards and its now taking support at the structure which was a resistance zone earlier. Its a high probability trade ! Entry 0.435 to 0.437 will be best Stop Loss 0.425 Target 0.457 Second Target 0.479 Hit Like & Follow
DFM:AMANLong
by stalkstock
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. Announcement If you want to learn technical analysis for FREE i am soon starting a youtube, Instagram channel where i will post my idea LIVE trades. Anyone interested can join for free. Hit Like & Follow
DFM:EMAARLong
by stalkstock
Dfm Crawling upIts slow but its moving up, it gave a breakout finally on thursdays trading session. I think its too early for a retest and i expect market to go more higher tomorrow but if it fails from the current price we can confirm a double top pattern and the index can go back to retest 1990 and 1940 zones. But its not likely as fundamental is improving and economy opening up it looks positive even the oil prices going higher. So i think we should have a green day tomorrow at the same time its very important that it keeps the gain and sustains it and closes higher. I am bullish.Happy Trading Hit Like & Follow
DFM:DFMGILong
by stalkstock
6
Dubai Financial Market what next?Bulls need to show power as price have tested the lows 3 times in a row and have rejected. Price also confirmed to go higher after testing the lows. As of now its consolidating or ranging at the current price levels. If we dont see a break up or a failure we can see a immeditate support at 1882 zone however we are still in near term up trend. My view is bullish on this market and i think we should see a breakout in coming trading sessions. Lets prepare for the market to open after eid holidays. Happy Trading :) Hit Like & follow
DFM:DFMGILong
by stalkstock
Deyaar after news effectQuarterly performance was announced today the results were not as good as expected but still the stock managed to rise and close above the previous candles high. Interesting part is it opened lower today but managed to attract buyers and pushed it higher to make it a green solid candle indicating buyers are here and very much interested at this price. Todays candle have completely engulfed the previous days red candle it is a bullish pattern. I missed to notice that it broke the trendline (uptrend) and didnt not get a chance to sell it. I am still holding this stock and will keep an eye how it performs this week. More upside coming in my opinion :) Hit LIke & Follow
DFM:DEYAARLong
by stalkstock
Dubai Financial Market - Bulls in control?Started the with a green day for the week, it took nice support at FIB levels and pushed it up indication correction is done and there is now a potential to go more upside, first target should be 1940 and then the recent swing high which is 2040. Market was good today but dint witness big volumes to close above the previous high of 1920. Bulls should show more power to push the market upwards and take full control. RSI still below 50 which is another indication that market is still in range and not yet confirmed for the up trend. I am bullish on this market Hit Like & Follow :)
DFM:DFMGILong
by stalkstock
1
DFM - Sign of Relief?Interesting closing today and finally a green candle on a daily chart. So is this starting of a up trend again? is the downside over? In my opinion NO!! As mentioned in my previous idea it did find the support at the ichimoku base line (tenkan sen) and we have seen a bounce today from the same levels. But we did not see a confirmation yet for the upside we still saw and green hammer candle but to confirm the end of this retracement we need to have a close above 1905 tomorrow to confirm the correction is done. Yes we can also see long wicks below the candle which shows good support area a confirmed and decisive close above 1905 will resume the rally in my opinion. The next target should be 1940 area once we have a confirmation. I am still bullish ! If this is informative hit like & follow to show your support :)
DFM:DFMGILong
by stalkstock
Dubai Financial Market - Has it bottomed?Clearly it could not hold above 1900 levels and selling pressure was witnessed in early hour of trading. Interesting part is it bounced right at the 26 days tenkan sen (base line in red) which is ichimoku's important indicator and a medium term trend line. Also 1850 is a 50% fib level from the current rally. Good chances that market can bounce off from here to the next higher levels. There is also possibility that it cant hold and we may go further down to test the swing low that is 1800 level. Major news expected this week which may also direct the markets direction. Lets see how the market goes tomorrow i am still bullish on this one. Happy Trading Hit like & Follow if you liked it.
DFM:DFMGILong
by stalkstock
Dubai Financial Market- Is the correction done?If we take a very closer look that is the very recent rally that is 1800 to 2040 we can see from the FIB levels that it have retraced 61.8% which is a important level and it have managed to close above 61.8%. If this is to be correct, we have to see the confirmation candle again which have to be above 1923 to confirm that the correction is done and uptrend should resume. This would be my second scenario for looking at the market from bull perspective surely i am long biased. So tomorrow is a decision day to know the direction of the market, Happy Trading :) Hit like & Follow
DFM:DFMGILong
by stalkstock