IS EMAAR GOING DOWN ? Emaar's stock is targeting the levels of 12.20 - 12.05, presenting a good buying opportunity for short-term traders with targets of 12.65 - 12.75. It’s important to adhere to the stop-loss level, which is indicated by a daily close below these levels. Although there’s still a risk of the stock dropping back to previous levels around 11, the current movement needs to be monitored to determine its future direction.
DFMGI
DFMGI DUBAI IndexDFMGI Index Analysis: Key Dates and Potential Scenarios
The chart presents two primary scenarios for the DFMGI Index based on the projected key dates:
Potential Upside:
Green Arrow (April 7, 2025): This date could signal a potential bullish reversal or continuation of an upward trend. The index may find support and start gaining momentum towards higher levels. Investors might consider this date as a possible entry point for long positions if the market shows strength leading up to it.
Potential Downside:
Red Arrows (March 29, 2026): This date might mark a significant peak or resistance level, where the index could face selling pressure. The index may start to decline after this point, leading to a potential bearish phase. This could be a critical time to reassess positions and consider taking profits or hedging against downside risks.
Momentum Indicators:
Yellow Line: Reflects the shorter-term momentum, currently showing a cyclic pattern that may align with the projected dates. The upcoming peaks and troughs should be closely monitored as they approach these key dates.
Red Line: Suggests a longer-term momentum trend, which could be approaching a significant inflection point. The market may see more pronounced movements as these dates approach.
Strategic Considerations:
April 7, 2025: Look for signs of market strength leading up to this date, which could indicate a continuation of the bullish trend.
March 29, 2026: Be cautious as the market approaches this date, as it may signal a turning point or the beginning of a correction.
These dates are critical for making informed decisions based on the projected market sentiment and technical analysis.
DFM Market Is Gearing UPTalking about the trend DFMGI is in a downtrend on the daily chart. Lately it has been trading in a tight ascending triangle pattern, in Friday's session finally it broke up with good volumes and from here it has got a very good chances of trend reversal.
However keep it mind that in case if this a false breakout then sellers will jump in very aggressively which will bring down the index till about 3980 if this does not hold it may even go low till 3930 point. I am bullish biased and I think market will move up from here after the consolidation phase.
Biggies like Emaar Properties, Emaar Develpment, Dubai Islamic Bank & emiratesNBD have picked up very well last week. These stocks are heavy weighted on the market index. Once the big stocks start the action it brings positivity in the market and other small stocks also follow.
Next week will be very interesting, lets see how the market unfolds from here.
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Still not a confirmationFor now dfmgi is under selling pressure, we cannot see a defined trend to the upside. This can be a short recovery dont trust the move for now. Let it make a positive price action to get onboard. Any negative news and market goes crazy. So if you are buying anything quick entry and exit that too with small quantities.
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Trend is IntactOverall Trend
DFMGI is in a strong uptrend, as we see on the chart it have hit the resistance area of 4100 that is psychological and technical resistance. Its been going side ways for about 2 weeks not this is a good indication that bulls are still defending the support zone.
Breakout
Coming week which will be very crucial as more data will be coming out from CHINA, as well see all eyes are on Yuan & the giant real estate Evergrande that have filled bankruptcy in the USA. Traders & investors will be closely watchin g for signals to take positions respectively. If the data are positive, if there is any sign of relief i think market will break the resistance of 4100 points else it will break the support of 4040-4000 points.
Fundamentals
UAE's economy is very sound and progressing with strong real estate demand that is coming form India, Russia, Israel & UK also not to forget the booming tourism sector everything is aligned for flourishing economy and we are seeing its reflection in the market.
IPO
New Listings are expected later in this year, with the boom of IPO in the middle east people are still having more appetite for IPO's
RoadShow
Dubai Financial Market have recently done a roadshow and its attracting many eye balls. Fund managers are already having easy access to the market which is also another factor stock prices are pumping high.
Conclusion
I am very bullish on this market and i think very soon dfmgi will be around 4500 points.
Time for correctionI think market index for now is be extended and its due for a healthy correction which is positive for the market, I think it should drop back to the marked area and then spend some time to make its base to go higher around 4000 zone.
Over all DFMGI is very bullish no doubt about it.
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Time for correctionDFM market index is on a strong rally to the upside, however very soon we will see a correction phase its almost near the resistance now. At the same time if it spends some time just near the resistance then there are good chances it can touch 3800 level soon.
Over all DFMGI is very bullish.
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Make or BreakMarket is at a very crucial stage, Fridays closing of dfmgi was very positive and I expect it to go higher from here. From here there is very good chance for the market to cross 3400 resistance areas, but incase if market does not then it can again come down to the marked support level.
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SHUAA Capital is showing bullish price actionDFM:SHUAA is set to target 0.739 - 0.75 AED and then 0.8 - 0.82 AED once it breaks out above 0.66 AED. Stop level daily close below 0.57 AED.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
Market At Crucial LevelOver all market is bearish for now and its at a critical zone, there are 2 scenarios from here.
1) Market breaks the resistance levels of 3236.45,3282.50 & the major resistance of 3360. Market will struggle to break the resistances and come into BULL territory below 3360 market will be considered in Bear zone.
2) Market will go further down to retest 3120 which is a strong support area it can also go further down from here!!
Tomorrow I am expecting it to be a Big green day hopefully but nothing bullish about it. Quick entry & exits are recommended, take your profits home!!
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Many Hurdles AheadAfter a fall now market have to go through many hurdles, white lines are the resistance that it have to cross. Major resistance at 2874 zone, as of now market is very sensitive. Lets not rush to buy any stock as in negative sentiments market or stocks dont perform very well. Over all as of now market is in a no trade zone lets wait for a breakout!!
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DFM breaking out of the flag patternDFM:DFM formed a flag pattern after achieving the ascending triangle target and is expected to post further gains. Anticipated price action and targets are shown on the chart, stop loss daily close below 1.09.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!