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Dubaistockmarket

Emaar!! Common take the market up!!This is powerful stock with heavy weightage on the index when this stock moves the market moves in the same direction. Its been under tremendous pressure these days. It broke the immediate support of 2.65 level and now its going further down, next support at 2.58 level then 2.55 as of now its in a down trend so we dont enter the trade thinking that it can change the direction. We wait for the confirmation that support is holding and thn we enter the trade. There is no point entering the trade in a downtrend and increasing or losses by holding the position. Just keep stalking this one. Hit like & follow ; )
DFM:EMAARLong
by stalkstock
4
Stop Loss HitI entered this trade at 0.575 but next day market was in blood bath and GFH got punished as well. I exit at 0.570 with small loss. Trade didnt work out. No worries!! not all the trades will work as per the analysis what keeps us in the game is good risk to reward ratio. I came out with a small loss but i have my captial and can reenter some other stocks which have good setup. There is no point continuing with losses and keeping the position open. I am stalking this! Hit like & follow guys ; )
DFM:GFH
by stalkstock
Whos Buying it??Support level of 2.65 is holding as of now. Something to notice here is it was struggling to cross 2.65 during the trading hours but in trade at last that is last 5 mins it jumped and closed at 2.67 so who bought this ? Sure we can say that big boys found this price attractive and entered the market pushing the price to the upside. If we can see a close above 2.70 tomorrow we can confirm the shift in the momentum and it will be good chance to enter the trade. Why market changes is last 5 mins?? "MARKET IS OPENED BY AMATEURS AND CLOSED BY PROFESSIONALS " Hit like & follow guys to show your support ;)
DFM:EMAARLong
by stalkstock