Finally after a long time of consolidation phase it gapped up today and didnt give chance to trader to enter at a retest. Buyers were very aggressive and didnt let the price fall down. I think from here the only way is north.
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We are seeing rejection candles a 6.40 level which have become a resistance for now. If tomorrow it cross 6.25 it means we can expect more downside and it can come down to retest 6.14 zone. Over all its very bullish & dividends date is approaching too. Any dip from here is a buying opportunity.
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Major resistance is at 4.50 and that was the target i had indicated earlier. I think Emaar had a good run after a small accumulation right at the top. I have been recommending this stock since long its very bullish even after the resistance more upside is expected.
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Still in a strong uptrend I have been recommending Emaar for a while as we can see its very bullish, above all the moving averages which is a bonus!! I think very soon it will touch 5.50 as real estate sector is booming also if we look at the fundamentals I think more money will come into real estate properties from Russia & Ukraine which will boost the prices and...
It was once looking very positive and bullish although Emaar properties is going higher but Deyaar is still stuck in a range and infact it have broken the support zone again which is very weak as of now. I think it will drop down further to retest 100 Day Ema.
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Over all market index is still bullish, the solid uptrend of Dubai Financial Market is intact. After hitting the resistance of 3500 its in a correction mode also Russia & Ukraine adding up to the damage. For now its right at the 20 day EMA which is a dynamic support well honestly I am not worried if this support is broken as solid technical support is at 3330-3340...
Its been very slow and not performing lately, for now its at a crucial support zone of bulls want to protect this level we want to see good buying pressure. Solid resistance at 1.25 zone its been trying hard to cross it but not able to close above it. For now its in a no trading zone.
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GFH is looking very nice for a swing trade, once it crosses 1.25 it will be considered very bullish!! as of now its trying hard to cross the resistance of 1.23 (minor) on weekly chart we can clearly see early signs of bulls gaining the power. Stalk this stock very closely as it can make violent move to the upside most likely.
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Its been under pressure lately also their financials are due and i am positive the results will be good. For now we can see it have broken the trendline and it facing tremendous resistance 1.230 - 1.260 Once this resistance is broken i think GFH will cross 1.36 hopefully positive news will help cross this resistance.
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Today Deyaar bounced from the support zone in fact today was its last chance if the support was broken today it could have gone down till 0.420 levels. Thankfully it performed very well and the closing is very good it is surely good for a buy next strong resistance is at 0.520 and then 0.540 respectively. Looking very bullish now!!
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Well if we talk about the over all trend its still safe to say we are in a uptrend, but on daily chart surely we are seeing weakness. Deyaar could not break the resistance of 0.500 and how its under pressure. After the inverted head and shoulder pattern it broke out and also hit the target but could not continue the run. Volumes are very thing on Deyaar, it have...
Market is looking weak to me, i think market will break the support tomorrow most likely. The trend is still intact to the upside but weakness in the trend is now see. For now i will be very cautious if i have to buy any stock. So take your positions carefully.
Above 3240 Bull zone
Below 3100 Bear Zone
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Very good stock with strong fundamentals, technically its not looking good for a entry. If you want to catch this with a momentum then wait for a breakout. For now its in a NO trading zone. You cannot buy all the stocks at any time wait for a good setup to trade and buy.
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This is a volatile stock with heavy weight on the market index. For now its stuck within this triangle pattern. I want to see a breakout with big volumes to buy and hold as there is very good potential in this stock. If Emaar breakouts it will lead the real estate sector and many other stocks will move up along with it also pushing up the market index. Yes there...
This is the monthly chart of DFM Index, market is in a healthy uptrend since April 2020 the best part is its moving up with small corrections and we dont see any parabolic moves. To continue a trend its always good that market corrects itself or come back to equilibrium to resume the primary trend. For now immediate hurdle for the market is to cross 3300 level....
For now its under pressure more selling will be triggered if it goes below 4.70, strong support at 4.65. If we want see a bullish scenario we can expect market to make a inside day candle tomorrow and later in the week close above 4.90. For now its in a no trading zone.
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This stock is very good fundamentally and technically as well, also a good stock to be in your portfolio. After a morning start kind of pattern its struggling to cross the resistance that is around 1.22 zone once the resistance is taken out we can see it flying higher. Over all very bullish!!
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