I think market index for now is be extended and its due for a healthy correction which is positive for the market, I think it should drop back to the marked area and then spend some time to make its base to go higher around 4000 zone.
Over all DFMGI is very bullish no doubt about it.
Hit like & follow guys ;)
DIC is now starting a fresh up trend, from here there are very good chances it will fill up the gap that it created earlier. No harm in buying some quantities now and keeping it in portfolio. It also pays good dividends.
Hit like & follow guys ;)
DFM market index is on a strong rally to the upside, however very soon we will see a correction phase its almost near the resistance now. At the same time if it spends some time just near the resistance then there are good chances it can touch 3800 level soon.
Over all DFMGI is very bullish.
Hit like & follow guys;)
Till the time Emaar is above the support its in a safe zone, we saw some selling pressure today but however it have managed to close above the support which is a good sign that bulls are still around the support. I am bullish on Emaar Properties I think very soon it will fly higher.
Hit like & follow guys ;)
This stock is very strong fundamentally i dont know why its still stuck with in the range. It also gives out handsome dividends, i think soon it will break the resistance and go past 2.60
Hit like & follow guys ;)
Dear Emirati traders, I’m sharing with you now a trade for tomorrow’s day trading to ride, as you can see on the chart, the price was consolidating for a month in a channel after the jump it did past months. Now it’s time it will continue going up on it’s way.
BUY IT and set TP and SL at your own risk
Please let me know what markets you want me to analyze for...
Dear Emarati traders, I saw some people on a group welling to buy the UNION PROPERTIES Index for long term investment and I said why not to make an analysis on it to share it with you, I figured out that it’s not the right moment to buy it.
As you can see on the chart, the price is consolidating in a channel for 3 years now and still haven’t break through it....
This stock is strong technically but fundamentally its very weak its a Red flagged company on DFM. For day trading, quick entry and exit is recommended.
Hit like & follow guys ;)
DFM market index is under pressure. Last closing is also very tricky, there are good chances it can go down to retest the lower levels. For now we can only consider it to be bullish once we see a solid closing above 3400 zone.
Hit like & follow guys ;)
Taaleem is stuck in a range and we can say its in a no trading zone for now. We have to wait for a breakout to take any position. Hopefully to the upside.
Hit like & follow guys ;)
Resistance of 2.26 was broken earlier this was a early sign that bulls are coming. Todays closing is very positive and more upside is coming. Bullish!!
Hit like & follow guys;)
Its at a very good support area, infact its been holding the zone for so many days. Todays closing is positive if it opens flat or with small gap up this can go higher. Early bird entry should be planned once it crosses 2.8 to catch the trend.
Hit like & follow ;)
Market is at a very crucial stage, Fridays closing of dfmgi was very positive and I expect it to go higher from here. From here there is very good chance for the market to cross 3400 resistance areas, but incase if market does not then it can again come down to the marked support level.
Hit like & follow guys ;)
If we compare the last 3 IPOs that is Dewa, Tecom, Union Coop. Salik is performing very well infact it started to recover in just 3 days after the listing. Its at a support level now and if tomorrow market is positive and if it opens flat or with a small gap up I think we will see buying momentum but incase if it opens with a gap down stay out of it till we see...
The public offering of Dubai's Salik, which raised 3.735 billion UAE dirhams ($1.017 billion), started today at 2.40 UAE dirhams ($0.65) per share. It is up 20% from its IPO price.
The company's IPO was over-subscribed by 49 times. It also announced that it would allocate a minimum of 1,000 shares to its subscribers in the first and second batches.
In the first...
