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LULU is one of the stock in Abu Dhabi Securities Exchange that has disappointed many investors and traders. Right from the successful IPO everyone had a high hope for good returns from this stock and it did exactly the opposite. After the listing it could not take off we are seeing selling pressure almost everyday, Red candles are printed all over the chart. I was...

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Modon and Multiply most of the time go side by side, as Multiply has already started its correction i think Modon will also follow. I am not interested at current levels as it got rejected at 3.33 that i have identified as resistance zone. I am waiting for the price to hit somewhere between 3.12-3.18 zone and wait for a bullish signal so that i can plan my entry....

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We had nice bullish momentum in this stock lately, now its time to watch out as it has hit the resistance and got rejected with big volumes clearly its a supply zone that is 2.40 so if at all you are still holding this stock plan your positions accordingly. I would be interested to watch the price action at 2.10 zone. I think it will soon give us a new buying...

02:02

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After a long downtrend finally we are seeing some bullish momentum in Multiply. With todays candle closing i am not planning for any entry instead i think people will start to exit at current levels. After this recent rally from 1.50 zone i think its time for a small correction i think it will not be very deeper. Lets wait and see how the price unfolds at next...

01:37

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Over all Dubai Stock Market Index is trending up, we didnt see any significant correction on the way up after the last panic selling in the market. I think a small pull back will be healthy for the market. Once the resistance is taken out we may see market climbing more higher. Over all i am still bullish. Hit the like button to show your support ;)

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Talking about the trend DFMGI is in a downtrend on the daily chart. Lately it has been trading in a tight ascending triangle pattern, in Friday's session finally it broke up with good volumes and from here it has got a very good chances of trend reversal. However keep it mind that in case if this a false breakout then sellers will jump in very aggressively which...

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Adnoc distribution is holding up well right at the support zone and I think its ready for a new leg to the upside. It has established its base at 3.70 and now its gearing up for the move. Overall this stock is still in a downtrend BUT its trying hard for the reversal. If at all we can see a closing above 3.90 then we can say that now price is in bulls territory....

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Icap is still positive after making a higher of 2.24 we saw correcting/profit booking. But the best part is its reacting positively right at the support area that is at 2.10 still its going as per the plan that I had recommended we can see 2.30 very soon and we will book the profits in that zone. After the listing it could not sustain it gave up all the gains but...

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Fertiglobe is showing early signs of reversal, it was in a strong downtrend I didnt see any big buyers for this stock but last week we saw good volumes and its looking positive on the charts too. I think very soon it will try to retest 3.00 not to forget its a strong supply area as previously it will trying to break through but it get heavily rejected and made a...

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Rakproperties is looking promising it has retested the support zone twice that is 1.30 and now its gearing up for the next big move. In short to medium term i think this stock will touch 1.50 with new projects and casino coming up Ras Al Khaima property is very hot and investors are grabbing what ever comes on the way. We will surely see a pump in stock price too....

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Multiply is in a strong down trend for ages now, people are tired to see it RED on daily basis although its one of the top traded stock with solid fundamentals but still its struggling. For now we can see some fresh signs of reversal right at 2.45 area still this is not a uptrend there are chances it may hit the resistance get rejected and go below 2.45 I am...

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If we talk about the over all trend of Union Properties upp then its still in a downtrend thanks to the positive news they released in Thursdays session investor got excited about this news and bought this stock like crazy. It has hit the resistance zone that is at 0.330 we saw some selling coming it. If it can sustain above 0.310 and establish a base this will be...

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DEWA is under pressure it has already announced good dividends but for now its not holding. Need of the hour is to break the resistance of 2.50 with good volumes so that it does not come back at the same zone in near future. If bulls dont flex up then there are chances seller will drop the price till about 2.35 zone. Hope that does not happen we want to see fresh...

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Deyaar is getting stronger fundamentally and technically as well. Thanks to the real estate boom in the DUBAI. New launches and deliveries is make Deyaar more profitable and its increasing its portfolio. Overall the trend in UP its been correcting itself on the way up so its healthy. Next strong area of resistance is at 0.763-0.765 zone This stock should be above...

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Emaar properties showed good strength after releasing its financial results. Investors are happy with the quarterly results and we can see the smiles on the chart. Emaar is in a strong uptrend no doubt, it broke the resistance of 7.57 it has hit our targets and now its heading for 8.45 Real estate is booming in Dubai and Emaar is the biggest developer in the...

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Americana performed very well after they released the news about distributing dividends. Investors got excited in Wednesday's session and bought it in big volumes. Best part is in Fridays session when volumes are usually low and people book profits we didn't see any deeps correction it just touched 3.22 and again buying pressure came in. For now Americana is...

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Its getting stronger fundamentally with Dubai real estate market booming its developers time to make money and Deyaar is playing out very well they have recently launched a project that was sold out and soon deliveries for other projects will start. With todays candle close and volumes i think it will continue its upside momentum. Buts lets not forget Dubai Taxi...

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For now due to the geo political situation Americana is under pressure as people are boycotting the products but i think once the storm is settled we will see a boom in this stock. We can see some buying coming in already at 3.30 area i think price wants to come down to fill up the gap and then we may see a new leg to the upside. For now lets wait for some volumes...