Looks Very WeakLast week market started to free fall and in thursdays session we have seen a doji candle right at the support level will it hold? dont know yet we dont have any confirmation. Short term trend is to the down side its possible that market can go up to 2240 and get a rejection to come back again at the same level. Market Sentiments are negative as of now also people are eagerly waiting for the new of ARTC yes if the come up with something positive we can say market will take a good bounce. As of now bearish!!
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Looks Very ScaryHard times ahead guys ! it retest the previous support level which is now acting is resistance. I see more down side first support around 2200 next 2160 next 2100. Why is this happening? international markets in green and flying high why dfm is bleeding. Is it because of artc? or quarterly results that will be soon announced? bearish for now!!
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Support BrokenMarket today finally broke the important support level, i can see 2 scenarios from here. First is it crosses the New resistance of 2240 and starts to move the the upside we can say a immediate recovery after breaking the support. Second is it comes for a retest around 2240 and gets rejected to see 2160 level which is first support level. Market have turned weak now i am bearish!
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Trying HardMarket is currently under pressure because of so many reasons one of the main reason is uncertainty about the impact of covid 19 other factor which impacted last week was negative news about artc which created a panic. Market is at crucial level and if we want to see continuation of bull trend we have to see market crossing 2295 level very soon else it may go back support level of 2240 which is now getting weaker as its been tested so many times and eventually may break to the down side. Still bullish on this market !!
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Not Looking GoodWith days closing it have left us in doubts, its right at the important support level that is 2240 i was expected a green candle today but it could not perform today and we saw a bearish candle stick. If the market does not take a bounce from here we can more downside expected and we can touch 2100 level again that would be scary. Tomorrows closing is very important for traders as it will decide the future of the market. Still bullish
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Green Candle Expected TomorrowIf you are following my trade ideas, we know that 2240 is important support level for the market. At the same time if any particual level is tested again and again it gets weaker. The support level of 2240 is test 3 times already now. From here we should see a bounce tomorrow it would be good to see market crossing 2295 atleast to take out the small resistance level. It will boost the confidence of the traders and we can expect more upside. Till the time we are above 2240 its bullish..
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DFM - Nice BounceTodays green candle confirms that 2240 is holding, at the same time now we have a new resistance that is around 2295. It is small resistance but at the same time its very important to cross it. Tomorrow is a weekend and many fund managers will adjust their portfolio so my trade plan will be exit before the end of the trading session. Yes we are still bullish!!
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What a ReliefAfter a crazy panic selling in the market yesterday we saw some good recovery today a good sign of relief. Now we want to see it crossing tomorrow 2290 level to confirm and to be on the safe to keep the uptrend intact. Over all globally markets are recovering so i think DFM should also follow the suit. Above 2240 i am bullish
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DFM GO BULLS GOMarket have broken the resistance level of 2308 have have closed at 2320 it made a good volume right at the time of closing. I think smart money have entered the market to take it to the next level. During last 2 to 3 days we have noticed that international markets are in panic selling mode so DFM can feel the heat too. There are good chances it may retrace back to 2300 or 2800 level and resume the uptrend. Over all very bullish.
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DFM why so slow??The market is slow but at the same time its generating the energy for a big move that will come very soon. We are slowly moving to the upside with small candles. Near resistance is at 2288 and thn 2308 i am sure it will cross very soon. Over all we are in a bull trend and market is pushing to the upside.
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Dubai Financial MarketHeavy selling pressure today with gap downs, what happen suddenly? is it cuz USA market is in panic selling? coronoa? dont know yet but the red candle indicates that investors were not confident today and surely not in a mood to buy stocks. Its very sensitive now if it will come back to support level and hold it or is it begining or a new down trend. Till that time we are above 2230 we are safe. But is we see a breakout of 2230 thn fasten your seat belts!!! Over all still very bullish
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Dubai Financial MarketDFM have shown good support at 2240 level a very good bounce is seen and more upside is expected as support is confirmed. We should we should cross 2300 soon and next target will be 2400. Also watch out on sundays session as US market is on a selling spree so market may adjust or panic sell. Over all bullish!!
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Dubai Financial MarketSecond day in red so is the down trend started? the answer is NO we are in a strong bull phase as of now also above 200ema which means market is bullish. There are good and high chances now that it may come down to retest the support area which will be around 200ema. In a bull phase its normal for the market to retrace 30% a correction is healthy.
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What Happen To YOuSome profit booking was seen today but nothing major, i found support at 2275 level and bounced up. I think more upside tomorrow or it may retest 200ema which will be healthy for market as its been climbing up since 2050. Bulls need some rest too. Very bullish for now!
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DFM Safe JourneyMarket have broken a strong resistance level that is 2250 right at 200ema and now its proceeding with its journey to 2400. No much of resistance till thn but profit booking can be expected. It may retrace a little to take a small hold and resume to the upside. Sure its very bullish and more upside expected.
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