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DFMGI trade ideas

No Sign Of ReliefMarket is going down day by day and no sign of relief at support levels. Its approaching a important support zone that is around 2800 level lets see if it bounce and move up else will go down around 2740 level if this is broken market will change it direction to a down trend which i hope doesnt happen. For now market is under pressure and needs a positive catalyst to move up. One of the reason why market is under pressure is because of the Adnoc IPO. Lets see next week Adnoc will be open for the trading also Dubai Expo 2020 will start with a bang!!! Hit like & follow to show your support ;)
DFM:DFMGI
by stalkstock
Dubai Expo 2020 Effect With Dubai Expo around the corner I think market will rebound very quickly after the panic selling seen for the last 2 days due to real estate company in China on the brink to collapse, its effect is seen all over the markets. Dubai Stock Market is still over all bullish and will react positive if world markets hold and recover. Support 1, 2 & 3 are broken already but I am very positive 2800 zone will help and hold the market. Hit like & follow to support this channel :)
DFM:DFMGILong
by stalkstock
Which Way?After a nice bull run market is been retracing for more than a month now, interestingly 2740 level is so far holding as support. We can see a bullish divergence and marking in a range for the last 1 week. Market is consolidating in the BOX if the break is to the upside which i am expecting then we can see it touch the swing high again but if it breaks downside more panic sell will trigger in the market. Over all market is very think and in a range I expect a big move very soon. Hit like & follow guys ;)
DFM:DFMGILong
by stalkstock
DFGMGI on the Edge In the previous chart, we expected the indicator to go down to the main trend line, and then there are possibilities of a reversal to the resistance line 2870, but we should not forget that there is also a possibility of breaking the main trend line, even if by a small percentage. On the other hand, in this 15-minute chart, there is a possibility of a minor rebound to a resistance line after breaking the upper channel line within the continuous descending waves to the main trend line. have a good day.
DFM:DFMGI
by SalemSignals
Nice Bull Run!!!During the month of Ramadan market didnt make any major moves but it have maintained the uptrend which is very good. Yes thin volumes in the market as many big players dont trade in Ramadan, market is breaking the resistance areas and making highs next strong resistance is at 2725 area i am sure market will not break it in one go it will come back for a correction/retracement and then it will break the resistance to make a new high. Market is very buyllish for now !!! Hit like & follow guys to Support ;)
DFM:DFMGILong
by stalkstock
Potential Bearish Head & Shoulder PatternDubai Stock Market is at a very crucial support level, if this level breaks to the down side market will slide down to 2300 Levels this will be plan B. If the market holds at this important support level and moves to the upside there are good chances that we may see 2800 levels again. So far the market is very bearish and on a free fall!! We should stay away from the market till we see a confirmed trend to the upside. Hit line & follow guys :)
DFM:DFMGIShort
by stalkstock
DFMGI - Elliot wave of DFMGI (Dubai Index Stock Exchange)Greetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox). Pra Trading : - Please care for Money Management - Have a good psychology - Do not be hurry to open position and do not do nothing if u see opportunity - Evaluate and upgrade your trading plan Execution Strategy : - Know what you want to buy, see the Fundamental - Decide that you are on investing or speculating - Consider what your strategy based on Investing/Speculating - Make Road Map Of Your Trading Plan - Decide a. Entry strategy b. Cut loss c. Target of Profit Post Trading : a. Do not be sad if you loss or do not be very happy if you win b. Just become a normal without emotion, Do not put emotion into your trading c. Evaluate your trading d. Keep on Learning e. Be Humble Idea : DFMGI - Elliot wave of DFMGI (Dubai Index Stock Exchange)
DFM:DFMGILong
by MultiAssetX
1
Where will it bounce?We can see after making a new high recently its now on a retracement, the question is where will it take a bounce or a U turn from??? Important support levels for the market are 2550 to 2570 and 2440 to 2470. It can take a bounce and resume the uptrend. Now the most important technical support is 2440 if the market closes below this level it will be a begining of a downtrend and it will damage the chart. So in order to stay bullish market should keep trading above 2440 levels. So far its in a uptrend!! Hit like & follow ;)
DFM:DFMGILong
by stalkstock
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. Hit like & follow guys ;)
DFM:DFMGILong
by stalkstock
1