DFM has been in a bear trend since April 2022 Currently if we assume that the bottom was 1.12 levels then according to fib golden pocket it will not be a Bullish reversal confirmation until it hits back 2.11 levels At the moment this bearish channel drawn also needs to be broken to make an assumption that yes now its making new Highs to come out of the bear...
ESHRAQ has been trading in a channel between 0.40 to 0.60 on an avg most of the times since June 2020 Unless and until it breaks the Resistance of 0.88 it looks like it will keep trading between those levels Right now if it breaks the resistance of 0.60-0.63 , It might travel to next resistance @ 0.72 and then come back to 0.40 levels that is pretty much it
It is a good entry point if it bounces from the channel bottom If it breaks the channel then we can expect some bearish run as the market overall is running a bear trend
May be there is a chance of this getting a bounce from the trend support line Or it can go back to the strong support of 3.05 to 3.07 Lets wait and see . This correction is not due to any news
Based on the last Volume heavy buying @ 125 Currently its bouncing from a very strong support zone of 115 to 117 after confirmation of bounce Entry @ 118 TP1 @ 125 As per FIB retracement it also looks like its on its way to a bullish reversal once its crosses the 131 level for long term investment Entry @ 135 TP @ 175
TMO has been trading in a parallel channel since Jun 21 Looking at volume profile a lot of buying happened at 552 Right now from 3rd May till 17 May there was a bearish run and now there is a slight confirmation of the bull move and can run till 550 Entry @ 529 TP1 551 SL 510
RSI oversold + Bouncing off a strong support Can run till the next strong resistance of 116 117 Entry now can be good and then TP @ 116 Entry @ CMP SL @ 96
Full bullish reversal looks like on the way The fib golden pocket is from the range 120 to 131 The current position after good earnings can push it for the full bullish reversal to the previous High of 166 ?
AdnocGas was going in an amazing direction making a parabolic move since inception but looks like it has entered into a correction phase The parabolic channel is now broken and support is being established at the moment 3.17 to 3.21 is an important support channel which has been tested multiple times since the demise Its a good time to create a partial...
GulfNAV on the back of their great earnings is making new all time highs As you can see the trend line is being followed/respected nicely An entry after a retest of the trendline while doing a short correction would be great entry
DEWA is simply making HH and HL based on dow theory And if you see FIB drawing you can see the bullish reversal will be confirmed once it enters the golden FIB pocket in 2.69 + zone Right now its following a good path after great earnings and it will continue to move up and hopefully a bullish reversal will be confirmed Entry can be then made at 2.69+...
ADNOCDRILL is testing a very strong support level at the moment I have highlighted all the re-testing phases of this support level i.e 3.78-3.84 It can be the launch pad of the next bull move
PYPL has made technically a complete tripple bottom chart pattern this might be a reversal sign entry at current price with small positions might be a good idea
SALIK earnings on 31 May It will make a run in bullish direction until the earnings come Ride the bull run but if the channel is broken then there is a chance it might drop and only can run again on positive Earnings on may 31 , mark your calendar
TAQA has been in a bearish trend since long time , so until that bearish path is broken I dont think making an entry in the hopes would be a good idea for now We continue to monitor this and will make an assessment once it breaks the bearish trend
ADNOCDRILL currently retesting a very strong support of 3.78-3.83 levels It has been doing that from multiple days now and we need to wait and see if it use this support level to make a new move going up or falls further to next support levels . Going further down will break the initial bull run
Since the inception of this lovely stock its continuing a parabolic move and has recently retested its new channel median support line Entry at current price or any where close to the support line i.e 3.35 Until this trend is not broken the move can be ridden . If it goes below 3.20s and forms a new support and retest it then it means this parabolic channel...
EmSteel looks like making a bullish reversal If it crosses or Enters the FIB golden pocket i.e between 1.70 to 1.80 then we can have a ride till the previous highs of 2.12 as this will complete a fib retracement. Entry @ 1.70 to 1.80 SL @ 1.58 TP @ 2.0