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Dubai

Dubai Financial Market Bulls Bounce BackYes bulls have shown some power in todays session, price was stuck in a range for the last 5 sessions today it almost broke up side with a strong move. This signifies there is buying pressure and bulls are active. Price have consolidated here for 5 sessions it was a consolidation phase and there is a good potential to touch the recent high that is 2160 level quickly. I have been bullish and still bullish in this market. Check out my insta for tomorrows trade and stock picks which has potential to move upside Hit like & follow
DFM:DFMGILong
by stalkstock
AAN - Intraday Trading OpportunityIf you looking to play safe and with small capital these small ticket stocks are very good to try your hands on with tight stop loss as its not very volatile. I will try to take this one tomorrow as market is bit heated and can retrace any time so just for intra day trade i will look for a buy chance around 0.135-0.137 and sell it around 0.145 small target but its good for the intraday trade. Remember we have to be consistent and patient profits will come automatically. Happy trading ;) Hit like & follow
ALong
by stalkstock
Aman - Good Buying OpportunityThis stock is slow for sure, i have been stalking this stock for a while i was looking for a buy signal and to break the trend line, this is a good example of support becomes resistance and vice versa. I have made a pin bar right at the support area which was a resistance area earlier. Why we taking this trade? Because there is a momentum shift in this stock in was up trend thn it retraced downwards and its now taking support at the structure which was a resistance zone earlier. Its a high probability trade ! Entry 0.435 to 0.437 will be best Stop Loss 0.425 Target 0.457 Second Target 0.479 Hit Like & Follow
DFM:AMANLong
by stalkstock
EMAAR PROPERTIESYes Emaar finally have given a breakout to the upside today at the same time we can also see the it had made a cup pattern. I will wait for the retracement or to make a handle and go long. We are still in a medium to short term uptrend and below 200 ema. It would be so exciting to see the price crossing above 200 ema taking emaar properties in a long term up trend. Happy Trading. Announcement If you want to learn technical analysis for FREE i am soon starting a youtube, Instagram channel where i will post my idea LIVE trades. Anyone interested can join for free. Hit Like & Follow
DFM:EMAARLong
by stalkstock
Dfm Crawling upIts slow but its moving up, it gave a breakout finally on thursdays trading session. I think its too early for a retest and i expect market to go more higher tomorrow but if it fails from the current price we can confirm a double top pattern and the index can go back to retest 1990 and 1940 zones. But its not likely as fundamental is improving and economy opening up it looks positive even the oil prices going higher. So i think we should have a green day tomorrow at the same time its very important that it keeps the gain and sustains it and closes higher. I am bullish.Happy Trading Hit Like & Follow
DFM:DFMGILong
by stalkstock
6
Emaar Properties where did the bulls go?Big sell off in thursdays session, it opened at the resistance zone and could not go higher. Heavy selling pressure at the resistance area pushed the prices low and closed in solid red candle also forming a engulfing pattern which is a bearish pattern. I think it will retest 2.43 to 2.46 zone which will fill the gap and thn go up to continue its short term up trend. Lets see how the closing of this stock to decide on the direction. Happy Trading :) Hit Like & Follow
DFM:EMAAR
by stalkstock
Dubai Financial Market- what next?Last week we traded only for 2 days because of eid holidays wednesday was a breakout day and thursday was profit taking with good volumes of sell pressure. I think the market will retest tomorrow 1935 to 1945 zone before it resumes it up trend. We have still not broken the support level so we are clearly in short term up trend. I think tomorrow second half buying will start as retest of the level will be done in the early hours. If not thn tomorrow will be a retest day and monday bulls will be back. I am bullish for this market on short term basis. Happy Trading :) Hit like & Follow
DFM:DFMGILong
by stalkstock
3
Union Properties whos in charge now?It could not sustain the gains and gave out all the gains before the closing. Interesting part is it have formed a bearish pattern . The previous candle is a bearish hammer today its given solid engulfing candle i think this is a good indication it wants to retest the 200 ema once again before going up. Solid resitance at 0.315, if the engulfing pattern is confirmed thn double top pattern is also confirmed indication strong bearish signal and to exit the trade. Lets see tomorrow. I am bearish on this one for sure. Happy trading Hit Like & Follow :)
DFM:UPPShort
by stalkstock
Gulf Financial - Where is it going ?Its bit tricky as of now, it was in a range and it tried to breakup today but eventually came bak to the same levels which is a danger zone at the same time i can see wick on this candle indicating bull pressure so i really dont know which side its gonna go. I will wait for the clear indication if it shows tomorrow to decide on this stock. I have a feeling it might retest again the lower level to go up or it may give a doji candle.Happy Trading :) Hit LIke & Follow
DFM:GFH
by stalkstock