emirates nbd bankemirates nbd bank is currently trading at all time high, which is showing more upside.
EMMAR DEVELOPERThis is stock is trading at all time high and have 5 years bo. Looking Interesting to go further up side.
ADNH HotelsThis consolidated nearly 18 years, current price is all time high looking interesting for long term, lets see how it will work.
Waiting for Fresh buyingBurjeel made a nice move to the upside as per the plan many made good money last week. Its going through correction phase but overall this stock is still very bullish. Very soon I think it will break the resistance of 3.10 area and will be trading above 3.40 fundamentally this stock is very strong and Burjeel is starting operations in Saudi its expending its business. Keeping this stock in portfolios will also attract good dividends.
Hit like & Follow guys ;)
No Bull PowerIt could not survive or recover completely although its financial results were very promising. Good chances it can come down to retest 1.33 zone and then may be we can see a bounce. Very small volumes for now it this stock. Need market maker who can provide liquidity for this particular stock.
Hit like & follow guys ;)
What can happen here?Where will this break? its been making very small moves, very small volumes, thin liquidity in this stock although the company is on a buy back program but still we are not seeing any significant moves in this stock.
For now its under going a chart pattern it can break on either sides, lets not rush and wait for the breakout to decide on the trend.
Hit like & follow guys ;)
Still Recovering After the breakdown of bearish chart pattern we saw massive drop to the downside Deyaar is still recovering form the fall. For now its approaching resistance zone so if you are holding or if you have bought at lower levels my recommendation will be to offload some quantities as it approaches the supply area. For now there are good chances it may continue its upside movement.
Hit like & follow guys ;)
Be CalmLets not rush to buy this stock, resistance is very near at 3.20 Salik will soon release its financials and I am expecting it to be good. Good chances it can open with gap up and then we may see a continuation to the upside. For now taking any entries at current levels will be risky as it can again hit the resistance to get rejected and come lower. So lets be patient, once resistance is taken out its time to HIT IT.
Hit like & follow guys ;)
Trying HardDIB has made a attempt to break 6.00 but it could not and now its trying for the second time. I would like to see it spending days near this zone so that we can see a build up of contraction of volatility and then let it explode it to the upside. Support area at 5.40 in case if it wants to come down for a retest.
Hit like & follow guys ;)
LETS GO BABYEmaar Properties has released a positive news with the real estate booming in the UAE property prices are climbing up in other words fundamentally Emaar is getting strong day by day. We will surely see its reflection in the stock price too. With the last Green candle we are seeing buyers garbing this stocks I am expecting a continuation to the upside.
Watchout for a strong resistance around 7.45-7.50 zone. I think this stock will very soon be above 10dhs. For now its under due to geopolitical situation but over all this is a strong stock and highly recommended to be in portfolios.
Hit like & follow guys ;)
A new wave up in ADNOC GASADNOC Gas Processing is a natural gas producing company and the largest gas processing complex in Abu Dhabi.
The share of ADNOC GAS went up in an impulse from march 2023 and completed the impulse wave up by august 2023
From Aug. 2023 to Oct 2023 the share corrected 61.8% of the entire rise in the form of an Elliot Wave zig zag(ABC).
The Wave 3 for the stocks seems to have started off and the projected target for the same would be approx.4.15 AED(26% from CMP).
Note*- This post is for educational purpose only
35% upside in DFMThe share of Dubai Financial Markets(DFM) went up in an impulse in March 2023 and then from July - oct end retraced 78% of the impulse.
The share now completed a simple zig zag correction(ABC) and is all set to move towards AED 1.86 mark in coming few moths.
Note*- this post is for educational purpose only
EtisalatMost likely, the fourth main wave ended at the last low of 17.70
Currently, a falling wedge pattern is drawn. If it passes its upper side around 19.80, it will jump to the pattern’s target, at 24-24.50 area, and it will be the first sub-wave in the fifth main wave.
RAKPROPTwo positive patternss - shark and crab
The first taret was 1.07 (arrived)
Second target 1.11
Third target 1.19
Fourth target 1.25
Taqa Probability No.1 (Bullish View)ADX:TAQA
A clear impulse wave moving inside range as extended wave 3. Now wave 3 never be the shortest one in all three impulse wave ( Wave 1,3,5).
As I observed wave 3 is shortest in price range than wave 1 as I highlighted with grey price range to measure length of wave 1 with wave 3. So, the probabilities are that wave 5 would be shorter than wave 3. How much it should be shorter than wave 3 I highlighted it with red price range which is length of wave 3. Possible target is 7.57/- and then stock will reverse.
Looking PositiveBayanat is showing us good signs that now its ready to start a fresh trend to the upside. With todays closing bulls are holding at very good level they have a very good chance to crush sellers and shoot up the price. If it opens with a gap down then this will discourage the buyers and we will wait for another bullish candle to take any entries.
For now ideal scenario will be if it opens flat and break and hit the first target then again spends few days right at the resistance and make a new move to the upside.
Hit like & follow guys;)
Ready for the moveBurjeel has spent 3 days already at the current level its just taking a pause before it make a big move to the upside. Get ready for this one, if tomorrow it opens with a gap up there are good chances it will break the resistance of 2.90 and touch 3.00 very soon.
On the other side if we see a gap down opening then it can come down to retest 2.80 area and we wait for buying opportunities in that area. Hopefully we see the first scenario happening. All the best.
Hit like & follow guys ;)
Dana GasWith the same analysis as ADNOC Gas
I think Dana Gas has also ended its decline
Firstly-
The target of the Failure Swing pattern has been reached.
secondly-
The stock has reached a very strong support area of 80 and is trading around it without a clear break except imaginary wicks that quickly push the price above the support.
Third-
The intersection of the MACD averages has completed positive and the histogram has shifted to the positive area, declaring not only the increase in buying forces, but also their dominance over selling forces.
Fourthly-
The RSI broke the downtrend line.
Adnoc GasI think ADNOC Gas's decline has ended
First, it reached the target of the head and shoulders pattern and began to fluctuate horizontally without breaking the last low of 3.08
Secondly, the target of the aforementioned model coincided with the second most important support area
Third, the histogram bars of the MACD indicator began to rise throughout the period of fluctuation and were about to turn into a positive zone (near the intersection of its averages in a positive way). This means that buying is the one that has been dominant throughout the period since it reached the bottom of 3.08.
Emaar: Buy Dubai Real Estate in Liquid FormEmaar
From Covid Low of mar 2020, it returned 4x in 3.5 years, more than the best real estate deal one could get.
And was liquid all the way.....okay liquid 5 days a week !!
At AED 6.3, its available due to the war like situation in Gaza. Load up at the current levels , the best high beta and liquid way to get exposure to Dubai Real Estate.
