Salama where to buy?Finally it gave a nice up side breakout and i closed my trade in profits FINALLY LOL, for those who missed this trade it will give you a second chance very soon just keep stalking this stalk as it has potential and smart money is buying this one. People are sending me msgs and asking me exact buying price! please there is no exact buying price or selling price i have marked the zone where price should give you a buy signal & sell signal thats where you have to buy once you get the signal. THERE IS NO EXACT FIGURE !!!
Just stalk this one and wait for the price to come to your level and thn go for the kill, dont rust just be calm and patient.It will be a easy trade and will give you nice profits.
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DFM
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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DFM Weekend ReviewInteresting week again, thursday we closed in green so is the selling pressure finished? lets analyze in details. Market is trading in a range and have developed a triangle as marked in the chart. It is making lower highs and it made a new lower low on wednesday and closed with a hammer like candle. My analysis says market is very weak and thin it have almost broken the triangle pattern to the downside and in thursdays trading session we didnt witness any strong buys coming in to rescue the selling pressure through out the week. It did make a small green candle but that was just a up day in a down trend nothing significant yes it closed above 2050 but the chart damage is already done. Now from here it can also come back in the triangle and start to go higher but chances are slim as its becoming bearish day by day. It can go up to 2060 and retrace back or continue down from 2050 levels itself.
For this to become bullish buyers have to make tremendous efforts to bring the market above 2100 level which will show a shift in the momentum and become bullish. There are few shares that are still bullish and in trend i will soon post them on my insta and keep you all updating. Its looking bearish for now.
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GFH More DownsideIt have broken the support level at which it was sitting, this level have been tested so many times and as i keep mentioning any support or resistance tested again and again becomes weaker. Same is the case here and it just could not hold it any further and broke it down. At this level if bulls are still interested they have to save this one or else it can come dropping down to next support area. Bearish for now
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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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FInally its done it!Interesting session today, it finally broke down today and tried to retrace back to close above 2050 level but it could not. As i mentioned yesterday the market is getting weaker and weaker as this support level of 2050 have been tested more thn 3 times and now its become weak. Today it went down till 2030 and bounced from there but its already done the damage. It has a chance to retrace a little more tomorrow but over all it have turned bearish and a reversal is taking place. Detailed analysis will be done over the weekend.
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AMANAT WHAT A RUNNN!!I have been recommending this stock more thn a month ago, always go with the trend and follow the trend this one is on a uptrend and good for a buy tomorrow. I would recommend this one for tomorrow, check over all market and sentiments and look for a buy signal on this one.
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GFH Buy opportunityI see a good opportunity in GFH, it have made a perfect hammer candle right at the support level and it looks good to take the trade now. It would not give a very big target as this stock is in a range but this is how you trade the ranges. Check my insta for entries and exit. IF you like my analysis hit like & follow
DFM playing Games?It almost broke the support level today of 2050 and bounced back, If it had closed below the support level it would turn bearish and a reversal would take place however it closed at 2050 and respected the support level by giving the correct reaction. This is the 5th time it have tested this level and successfully reacted in a positive way. Any support or resistance tested again and again becomes weaker.Today it went down to 2041 and bounced yes we can call this a fake breakout out to down side anyone who panicked & sold their stocks must be regretting so who was buying today? surely the "SMART MONEY" they bought the stocks today at the cheaper price to sell it at higher prices. Market is above 2050 level i am bullish.
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Emaar Malls nice & TrendingThis is the typical example of a trending stock, making higher highs and higher lows. It bounced off from tits recent support and now is expected to continue its uptrend. Good stock !!
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Artc looks beautiful This stock has given a nice signal in todays close, i would like to see how it opens tomorrow and will buy this check out my insta for more details above this trade.
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GFH back to the pavillion It could not push higher and it have made a candle stick pattern that is called dark cloud which says the current candle opens above previous days close and closed more thn half of the previous candle indicating immense selling pressure and very less buyers. It has almost reached the support level again and lets see if it takes a stop here or moves further down. If it makes a doji or a hammer candle it will be a good sign. Lets stalk this stock till ig gives us a sign :)
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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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Union Properties trying hard!! Bulls are showing some signs but not very strong, after showing good strength yesterday with a good green candle today it made a red candle with lower wicks indicating buyers are present in that area. Important support is at 0.270 area and immediate resistance is 0.295 if it has to turn bullish it has to cross 0.295 and thn close above 0.30 area to confirm that buyers are here to buy this stock. I will not buy this one til it cross 0.30 lets stalk this stock till thn.
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Failed to break outAs i mentioned in my last idea about salama that this is the third time it is trying to breakout and hopefully it will, it did give a breakout today but it failed and dropped down. Today market was down over all but salama maintained the gains till noon and later it gave away almost all the gains but closed in green with a big inverted hammer. Investors booked profits and immense selling pressure continued and it could not close above 0.520. Any how it have given a close above the neckline so there is a good chance for it to make a upward move tomorrow again. Bullish!
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When is the breakout ???Market is stuck in a descending triangle as marked in my chart. What is a descending triangle? it forms at the highs or lows of a trend. Notice that the market is not making lower lows its making only lower highs and its forming a triangle pattern. This pattern is forming after a uptrend and the triangle can break either of the sides in my opinion it has a good chance of breaking up side as usually it gives a breakout as per the previous trend. Once the triangle breaks out there is immense energy released and the move is bigger thn the usual moves in the market. Usually this pattern gives a breakout at the apex of the triangle lets see how the market performs tomorrow and if it finds support at 2050 level again. TIll the time market is above 2050 i am bullish.
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SalamaNice closing today and at the resistance area exactly. Will it cross ? this is the third time its trying to cross the resistance last 2 were unsuccessful and it could not hold the breakout lets see if it can make it tomorrow and hold it. Also as we can see in the chart it have made double bottom pattern ( also W) and it have closed above the previous days close also the price is exactly below 200ema which is acting as dynamic resistance. If the price can close above 0.516 it will turn really bullish and can move further upside. I think this time it wil be successful in breaking the resistance. I am bullish!
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Damac whats the newsDamac was the best performer today with news of company going private again, good volumes and high trades on this stock today. Buy the rumours & sell the facts thats what is happening now. If you missed this today can wait for a small pull back and see for the buy sign and enter the trade. Very Bullish!
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Is it making a pattern ??Market is still waiting for direction, and its forming a triangle pattern and it can break either of the sides. Today again it was not a decisive day it made a green candle but its not very bullish. Market can still range for days to come and give a breakout at the apex of the triangle. I am still bullish on this one.
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DeyaarIt was a up trending stock but it have started to make lower highs which is not healthy for the bull trend. Below 0.270 it will be very bearish as it still has some chance to go upside tomorrow to prove that bulls are here and they can save the up trend. If it does not perform tomorrow and goes further down it will be in a down trend, next support area will be 0.260. I am still bullish on this one.
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Dubai Islamic BankIts stuck in a range for now, its just at the support level around 3.85 it has a good chance to make a doji or a hammer candle which should confirm the support area. Traders those who like to trade the range will take the trade and keep the target at the upper range. I would like to take this one once its giving a proper trend. Over all its still bullish for now. I am stalking this one.
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Union PropertiesChange of momentum and bearish now its at the support zone, if it does make a solid green candle that will be a good sign that bulls are here but still not bullish, i will trade this stock crosses a solid resistance of 0.30 area and retest it to confirm the change in trend. Till thn lets stalk this stock and wait for a nice buy chance.
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