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DFM

DFM Waiting for news?Another red doji candle for the day, its 3rd day the market is at the same place and not making any moves. As i mentioned in my previous idea its at the crucial zone its a support area. The market is little weak as of todays closing as its almost crossed the trendline BUT not confirmed yet!. My analysis say the market is at support as of now and we witnessed buyers coming in the moment market went lower to 2074 level. I am still bullish it can go up from here but if it fails the second scenario is the market can come down 2050 which is the low of the current swing high, and thn 2030 level. Once the market is below 2050 the sentiments will be bearish for sure. The more the market stays in the current area 2075 to 2085, the more it accumulates hence bigger the move on either of the sides.I am still bullish and expect market to go up. Hit like & follow :)
DFM:DFMGILong
by stalkstock
3
Dubai Financial MarketAs expected and as per my previous idea, it didnt go low and and through out the day it was almost side ways and gave a closing with a doji candle. Market is Indecisive at this stage & its at the crucial support level also right at the trend line. As mentioned in my previous plan it has to go up from this levels as the market have already consolidated & moved upwards. As long as we are above 2050 level i am bullish on this one i expect a green day tomorrow and a closing above todays candle. Hit Like & follow :)
DFM:DFMGILong
by stalkstock
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
Salama whats happening??I like breakouts, but if price consolidates before making a breakout is more powerful and reliable. I was stalking this stock since long to trade, the last green candle it made that as 2 days a go was a breakout after consolidation and the close was above 200ema i was very confident this stalk would jump and it did exactly as per the plan i entered this trade at 0.534 which i think was not a correct entry as should have waited for a better entry change that was at 0.523 in the same trading session, any ways this is stock market if we are correct we make big money if we are wrong out stop loss will hit and the trade continues. Now this stock have retraced back to retest the breakout area that is 0.515 it can go up again from here bulls did to show some power here else it wil be back in the consolidation area. Interesting part is its still above the 200ema which make me bullish on this one but no sign of strength i would love to see the green candle in sundays session either a solid green candle, green doji or a green hammer candle. Hit like & follow
DFM:SALAMALong
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
Emaar Properties where did the bulls go?Big sell off in thursdays session, it opened at the resistance zone and could not go higher. Heavy selling pressure at the resistance area pushed the prices low and closed in solid red candle also forming a engulfing pattern which is a bearish pattern. I think it will retest 2.43 to 2.46 zone which will fill the gap and thn go up to continue its short term up trend. Lets see how the closing of this stock to decide on the direction. Happy Trading :) Hit Like & Follow
DFM:EMAAR
by stalkstock
Dubai Financial Market- what next?Last week we traded only for 2 days because of eid holidays wednesday was a breakout day and thursday was profit taking with good volumes of sell pressure. I think the market will retest tomorrow 1935 to 1945 zone before it resumes it up trend. We have still not broken the support level so we are clearly in short term up trend. I think tomorrow second half buying will start as retest of the level will be done in the early hours. If not thn tomorrow will be a retest day and monday bulls will be back. I am bullish for this market on short term basis. Happy Trading :) Hit like & Follow
DFM:DFMGILong
by stalkstock
3
Union Properties whos in charge now?It could not sustain the gains and gave out all the gains before the closing. Interesting part is it have formed a bearish pattern . The previous candle is a bearish hammer today its given solid engulfing candle i think this is a good indication it wants to retest the 200 ema once again before going up. Solid resitance at 0.315, if the engulfing pattern is confirmed thn double top pattern is also confirmed indication strong bearish signal and to exit the trade. Lets see tomorrow. I am bearish on this one for sure. Happy trading Hit Like & Follow :)
DFM:UPPShort
by stalkstock