I am still in this trade as of now in a loss i didnt cut my position as technically this one is still in a uptrend. I am expecting this one to go up i will close my position in good profits once its trending higher. It is just below 200ema which is acting as resistance as of now. This week i expect it to perform. Hit like & follow
Its in a range and will give a breakout soon, fundamentally this stock is strong no doubt about it. If it closes above 3.97 it will confirm the W pattern and will move upside. I am bullish on this one Hit like & follow
More downside expected this stock is in bear trend now and not tradable. Lets stalk this stock till there is a shift in the momentum and gives us a buy signal to trade. hit like & follow
It was trading higher during the day this stock became weak on 29th june when it broke down from the range today it retested the range and gave a bearish inverted hammer candle. It can easily come down this week and momentum have change to bearish and trend have changed. I am bearish on this one. Hit like & follow
Again thin volumes on this stock, it made a bullish doji today and it has a potential to go more upside. I will still not trade on this one as it can retrace back i will wait for a closing above at least 0.303 to see a change of moment in the stock and go long. Hit like & follow
As mentioned in my previous idea it have become weak and is in a reversal infact its reversed for now it made a bearish doji candle today indicating more selling pressure. To become bullish it has to close above 2.75 and break the trend line. I will stalk this stock till thn and wait once it gives me my setup. Bearish for now. Hit like & follow
Red candle again for the 8th day again and on first day of the trading week. Market is caught in a range market opens positive but cannot maintain its strength and closes negative market is trading on a thin volume & not many trades are happening these days. Today it closed red and made a brearish doji candle, thursday it made bullish hammer candle taking support...
Aviation industry is under pressure because of pandemic situation BUT as the flights are resuming now and operation starting this stock will push higher as fundamentally it will become more stronger and it is stronger. Technically it made hammer candle right at the dynamic support area which is 200 ema. Tomorrow if the market is positive this stock can go higher,...
This was in a nice uptrend stock as you can see the trend line was broken 18th june and retested & rejected on 19th june. Its now in a down trend and on thursday it opened with a gap down indicating buyers are still not interested to buy at this level. If in tomorrows session if it can open with a gap up and close above atleast .280 or higher a pattern can be...
A trending stock and traded with volumes, but recently its been under tremendous pressure. Surely its in a uptrend making new highs, the news is its restructuring its debt and soon will finalize it this is the fundamental catalyst for now that is effecting this stock. Technically its witnessing selling pressure after the breakout it could not hold at the key...
Its a heavy weighted stock means dfm index moves when the price of this stock moves. Lets analyse, its a uptrend stock and retracing after the breakout i had previously also mentioned in my idea to go long on this one as this stock is very strong fundamentally and technically too. After the breakout it took support at 3.80 level and it have come back for the...
Emaar one of the most heavily traded stock in DFM, whats wrong with it? lets analyse and understand. Firstly the immediate trend of this stock is a nice uptrend its making higher highs and higher lows thats a clear definition of a uptrend lets keep it simple. It broke the trend line on 30th june it also retested it the second day and it got rejected in last...
Damac is in lime light this days as the news about the company was taking rounds. However lets see it from technical point of view it made a huge gap up from 0.685 to 0.730 thats a huge jump it also make a day limit up during the day but it could not sustain the rally and made a long inverted hammer candle. I did not trade this as i like to stalk the stock let it...
This stock is under pressure ever since it gave a big breakout at 0.530, it could not sustain the breakout and closing lower everyday. Interestingly it have reacted to a key support level at 0.500 which is also a psycological support area. It bounced from here and stayed here for 2 days in yesterdays closing it made green candle bouncing off the support area. The...
In my yesterdays idea i mentioned 2050 is crucial support area, today the market bounced from 2051 and could not break the support area. I was expecting market to make a doji or a hammer candle and as expected it made a nice hammer candle right at the support level. So is the support level confirmed? is the retracement done? bull trend started? The answer is BIG...
Market is getting weaker day by day but interesting part is its not making any big moves to down its climbing slowly. As mentioned earlier 2050 is a crucial support area for this uptrend to sustain i would see a sign of relief it makes a hammer or a doji candle tomorrow to hold at this level. If it wants to break this important level it has to break it with a big...
For the 5th day again it printed red candle and no sign of relief yet! There are 3 support areas marked in yellow boxes as you can see. First support at 2045 - 50 Second is 2030 to 35 and finally psychological support of 2000. In my opinion market have become weak, it made a doji right at the trendline and today it not only crossed but also retested and failed...
This stock is not traded with big volumes in dfm, its been doing limit down for the last 2 days. Today at closing i can see that its right at the support level and i love to buy at these levels as they can give quick gains. We can take a position on this one for tomorrow quick buy in big volumes and quick sell to book the profits. Hit like & follow