Emirates NBD Bank (P.J.S.C) —DFM 1H TF | Buy Setup
Emirates NBD has been in a clear daily uptrend since April, consistently printing higher highs and higher lows. Recently, it retraced from the 27.60 high back into a defined demand zone at 23.90–24.80. Price has now reacted from this demand, rejecting further downside and bouncing back above 24.85.
The setup reflects a long continuation play, aligned with the overall bullish trend, with upside targets near 27.55.
Emirates NBD remains a key UAE banking leader; performance linked to local economic growth, UAE liquidity, and interest rate environment.
Banking sector resilience + UAE credit expansion are bullish drivers.
🔀 Trend & Structure:
Primary Trend: Bullish (Daily uptrend intact)
Correction: Pullback into demand zone
Signal: Break of short-term downtrend, retest demand, bounce confirming continuation
🟩 Key Supply/Demand Zones:
Demand Zone (Buy Area): 23.90 – 24.80
Supply / TP Zone: 27.55 (previous swing high resistance)
📉 RSI Divergence:
RSI is oversold → supports long setup confirmation
🎯 Trade Setup (Swing Long):
Entry: 24.80 – 24.85 (current zone)
Stop Loss: 23.90
Take Profit: 27.55
Risk/Reward: ~3.2R
Max Risk: 1–3% of account
🧭 Trade Management:
Move SL → BE at 25.80
Scale out partials at 26.50, final exit at 27.55
If 27.55 breaks, extended target = 28.00–28.20
“The trend is your friend, until the end when it bends.”
⚠️ Disclaimer:
This is not financial advice. Analysis is for educational purposes. Always manage risk when trading, particularly in regional bank equities where liquidity can be lower.
