Wait and watchIts a good stock and in a uptrend, as of now its retracing down after a push phase. Its coming back to important support level so watch out for a nice bullish candle before you enter the trade. No rush! market will give chance most likely we can see a doji or a hammer candle to see and confirm the support.
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Dubaifinancialmarket
Strong Resistance Its below the resistance levels and its trying hard to cross it. Once it closes above the resistance levels we can buy this and go for a swing positing that is till 0.900 for now its bullish but retracing down. Also we can see its taking support at 50% FIB levels. Most like we can see the uptrend continuation from here.
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Morning Star Pattern??It still looks bullish as its above 200ema and have taken a small bounce. Can this be called a morning star pattern which is bullish!!
Yes!! if we see and positive opening tomorrow and a green closing we can call it a nice morning star pattern and we can take a swing position. Still Bullish!!
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Covid Covid CovidMarket is still in a uptrend but due to increasing cases of Covid and new restrictions traders are very sensitive and scared. Market is in a correction or a ranging mode as of now in between support and resistance this is NO trading zone for now. Lets wait for a breakout and enter the trade accordingly. With the positive news about citizenship to the expats and listing of public companies in the exchange market mite take it positively but the fear of corona is more!! I am still on bullish side.
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Good ConfirmationA nice pin bar right at the support indicating buyers are activated in that area and pushing the price upside also today with a solid green candle we can have a confirmation that new or fresh buying have started after the profit booking. Over all very bullish!!!
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Nice Bullish MomentumIf you have not purchased GFH today you have missed the train. Very good stock in a bullish mode a nice bullish momentum have again started and now its ready to fly again. After the strong upside momentum we saw a correction and it have retraced exactly at the important FIB levels and it have taken a bounce from the support area. A fresh buying is seen today. Bullish!!
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In a PatternUPP is trading in a pattern as of now there are good chances it can break to the upside. If it breaks to the upside we can have a very good target at around 0.330 to 0.340 area we have to wait and watch the breakout. If you have already entered the trade hold on to it if you are still about to buy thn hold till you see a breakout of this pattern.
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Bullish Candlestick PatternA nice bullish candlestick pattern is seen today that to right at the resistance levels it means buyers are still active and do not want the price to go far from the resistance level there are good chances it can give a breakout of the resistance level as indicated on the chart. A closing above 0.30 will attract more buyers.
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A Good RunDubai stock market is performing best in whole of GCC as of now. Surely in a bullish mode and as of now after breaking the resistance its holding it with todays doji candle market is bit indecisive but a small correction is healthy at the same time for the market. Over all in a uptrend!!
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Nice MoveEmaar made a nice bullish run and it crossed a strong and psychologial resistance of 4.00 and now its holding it at the same levels to make another big move. Next resistance is around 4.13 it order to continue the bullish momentum emaar should hold at 4.00 levels over all bullish !!
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Hold ItUpp after consolidating for so many days it finally made a breakout and its now in a retest mode and its holding around 0.298 to 0.30 levels which is support for now. Its still bullish and big move is expected to cross the near term resistance of 0.305 area. Keep a stop loss around 0.292 and target at 0.340 to complete the swing.
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Very TrickyAgain same thing for DIB we want to see another candle closing to decide on the trade as of now it have made a small candle and closed below the support line which will not act as a resistance. If we see an green candle closing tomorrow it will be a good buy as of now lets wait and watch over all in a uptrend.
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Decide Please!!Emaar is stuck as of now and is not tradeable its strong support is at around 3.51 area now if we want to trade this we want to see it touching the support line and making a bullish candle if not then we go further down. Yes its in a uptrend as of now but very tricky to trade we need one more candle closing to decide and enter the trade.
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Under PressureIt have not been performing lately as of now its at a solid technical resistance and also in a near term downtrend. It have to cross this resistance line that is 0.280 and the next resistance is 0.295. If it does not hold and break up side next support is 0.722 levels.
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Crossed the LineIt have crossed the line of resistance and next target is around 200day ema that is around 0.290 technically still its in a down trend but trying to make some prices action to show some bullishness. It have to cross and close above the 200day ema that is dynamic resistance as of now. A closing above 0,290 will be very bullish and more upside will be expected. Good for intraday trade!!
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Good for buyIt is a good stock and in a uptrend its good for a buy the reason is its right at the resistance level but at the same time its consolidating and spending time at the same levels it is not coming down it means buyers are holding it and want to push the prices to the upside. Wait for the break out level that is around 0.935 levels and enter the trade with confidence. very bullish!!
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At crucial support levelMarket is at a very crucial level as of now, 2490 is very important support level if this breaks we can see weakness in the market a further fall towards 2457 levels. With negative news about covid 19 market is very thin and trading with low volumes. Tomorrow is first trading day of the new year 2021 lets see how the market performs. Over all the market is in a uptrend and bullish I am expecting it will bounce from the support and start moving to the upside.
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