Where will this break? its been making very small moves, very small volumes, thin liquidity in this stock although the company is on a buy back program but still we are not seeing any significant moves in this stock. For now its under going a chart pattern it can break on either sides, lets not rush and wait for the breakout to decide on the trend. Hit like &...
After the breakdown of bearish chart pattern we saw massive drop to the downside Deyaar is still recovering form the fall. For now its approaching resistance zone so if you are holding or if you have bought at lower levels my recommendation will be to offload some quantities as it approaches the supply area. For now there are good chances it may continue its...
Lets not rush to buy this stock, resistance is very near at 3.20 Salik will soon release its financials and I am expecting it to be good. Good chances it can open with gap up and then we may see a continuation to the upside. For now taking any entries at current levels will be risky as it can again hit the resistance to get rejected and come lower. So lets be...
DIB has made a attempt to break 6.00 but it could not and now its trying for the second time. I would like to see it spending days near this zone so that we can see a build up of contraction of volatility and then let it explode it to the upside. Support area at 5.40 in case if it wants to come down for a retest. Hit like & follow guys ;)
Emaar Properties has released a positive news with the real estate booming in the UAE property prices are climbing up in other words fundamentally Emaar is getting strong day by day. We will surely see its reflection in the stock price too. With the last Green candle we are seeing buyers garbing this stocks I am expecting a continuation to the upside. Watchout...
USA market was under pressure due to so many reasons as we know but technically now the chart is looking bullish to me. Once we see a closing above 34440 its very likely it will retest the strong resistance area that is at 34900 zone. 34000 was resistance we saw rejections on 17th october 2023, now with this current really we can finally see a break through and...
Bayanat is showing us good signs that now its ready to start a fresh trend to the upside. With todays closing bulls are holding at very good level they have a very good chance to crush sellers and shoot up the price. If it opens with a gap down then this will discourage the buyers and we will wait for another bullish candle to take any entries. For now ideal...
Burjeel has spent 3 days already at the current level its just taking a pause before it make a big move to the upside. Get ready for this one, if tomorrow it opens with a gap up there are good chances it will break the resistance of 2.90 and touch 3.00 very soon. On the other side if we see a gap down opening then it can come down to retest 2.80 area and we wait...
If you are into cryptos this is a newly listed Islamic shariah compliant coin, for now its trading below resistance lets not rush and it can come down to retest the support zone. Any buying should be activated once we see a solid candle close above the resistance zone. This coin is looking bullish onces it was listed we didnt see much of selling pressure and...
Aldar properties is coming to Dubai, with its new project many investors are looking forward and i am sure it will be a huge hit in the real estate market. Dubai real estate market is booming for now i am sure once the financial results from the companies are out stock prices will rise. Once this geopolitical mess is sorted markets will resume its uptrend, many...
We are seeing some buying pressure right from a important support area for now, but this can be a short recovery too. But still we can take advantage of this correction phase to make some quick profits. Watch out strong resistance around 3.40 zone so plan your entries accordingly. Overall stocks are under pressure and now showing some signs of recovery. Hit like...
Most of the stocks went into crazy selling pressure due to the global scenario, but now we are seeing some recovery coming in. One of the powerful stocks is qholding for now we are seeing some buying coming in but still we can expect a correction at current levels so watch out and plan for quick entry and exits. There are good chances this stock and reverse a...
There are good chances from current level multiply can start a new trend to the upside, if geopolitical scenarios are settled this stock can rally very quickly specially after disclosing there positive financial results this stock didn't perform due to the same reason but with todays closing we are getting some sort of indication that buyers are again getting...
With todays candle close we are seeing some sign of relief, but still over all the trend is to the downside, this can be a short recovery. There are good chances it can hit the resistance to make a lower low. Over all this stock is very strong and also fundamentally the company is very powerful. Due to the geopolitical scenarios our stocks are taking a beating for...
UPP is been under tremendous selling pressure, for now its just taking some support at crucial demand zone that is around 0.310 zone. Still this can be very risky it can break this support area to go lower to make a new lower low. As most of the stocks in Dubai Financial Market are under selling pressure today we saw some buying coming in but this can be a short...
After this massive selling pressure that we saw because of Geopolitical unrest in the middle east for now Emaar is trying to recover but this move cannot be trusted its just a short recovery. bears will attack anytime again so this can be a bull trap which we have to avoid although its very tempting to buy at current levels. I am waiting for a small correction and...
For now dfmgi is under selling pressure, we cannot see a defined trend to the upside. This can be a short recovery dont trust the move for now. Let it make a positive price action to get onboard. Any negative news and market goes crazy. So if you are buying anything quick entry and exit that too with small quantities. Hit like & follow guys ;)
We cannot trust the last 2 green candles, strong resistance around 33820 area. This upside movementum is just a correction of the drop that we saw from 35560 area. Good chances that tomorrow it will open with gap down and continue to slide down. Of if it opens with a positive sentiments that it will again hit the road block at 33820 zone. For now the index is not...