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Dubai stock exchange is clearly on a bull run its very good time to invest yes its bit slow for now but i am sure it will soon out perform adx. For now it have taken a bounce from the support zone and ready to fly here. Catch this one!! Hit like & follow guys !
Overall market is bullish and more upside is expected. Watch out the video !! Hit like & follow for more updates!!
After the creation of the continuation figure '' Falling Wedge '' and the breakout of the resistance with force we can take the buy position or we wait for a pullback after we will take the position
Over all market is bearish for now and its at a critical zone, there are 2 scenarios from here. 1) Market breaks the resistance levels of 3236.45,3282.50 & the major resistance of 3360. Market will struggle to break the resistances and come into BULL territory below 3360 market will be considered in Bear zone. 2) Market will go further down to retest 3120 which...
DFM:DFMGI is breaking out higher after lagging the global markets for a long time. The index is now targeting 3600 and remains bullish above 3300, however, pullbacks to 3200~3240 are acceptable. Hit the like button please if you find this useful :) This is only my own view and not financial advice, do your own analysis before buying or selling Happy Trading!
DFM is Below the resistance line Which has been respected many times historically. DFM, on the other hand, has created a symmetrical triangle pattern which breakup can create a sharp growth. Wait for the reaction to this trend line
If you are a regular reader of my blogs you must have surely read my last analysis on Dubai Stock Market Index. Market is making new levels every week attracting international & local investors. Blue chip stocks like EmiratesNBD, Emaar Properties, Dubai Islamic Bank are in a strong uptrend and ready to go more higher. As of today 02/04/2022 Dubai Financial Market...
Another opportunity in DFM market to grow and expected resistances levels.
Over all market index is still bullish, the solid uptrend of Dubai Financial Market is intact. After hitting the resistance of 3500 its in a correction mode also Russia & Ukraine adding up to the damage. For now its right at the 20 day EMA which is a dynamic support well honestly I am not worried if this support is broken as solid technical support is at 3330-3340...
Today market surprised us by making a new high in the time of "uncertainty" as the peace talks are progressing for now if the out come of the meeting is positive markets internationally will react positively with a big move. Dubai Stock Market is bullish ( Index ) some stocks are in down trend lets stay away from them and focus on positive stocks. Today index have...
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We are seeing second bounce from the support zone hopefully this time it will gross the immediate resistance of 3240 and then 3300 respectively. Market is been slow these days with very low volumes and trades, I think market is waiting for some catalyst and then boom!! Tomorrow is last trading day of the week lets see how the market closes. Hit like & follow guys ;)
Market is looking weak to me, i think market will break the support tomorrow most likely. The trend is still intact to the upside but weakness in the trend is now see. For now i will be very cautious if i have to buy any stock. So take your positions carefully. Above 3240 Bull zone Below 3100 Bear Zone Hit like & follow guys ;)
Market index is being in this pattern for a while, the pattern is bullish its called ascending triangle pattern which occurs after a defined uptrend. With todays closing we can see first candle - doji of of this chart pattern so is this a manipulation? of the pattern is invalid now? Well in my opinion nothing is perfect in this world and I think market is still...
Today finally the market broke the resistance of 3200 and it looks good for a run now, next hurdle is around 3275 zone. Over all market is bullish yes the volumes are still bit low but i am positive that gradually it will increase. Hit like & follow guys ;)
This is the monthly chart of DFM Index, market is in a healthy uptrend since April 2020 the best part is its moving up with small corrections and we dont see any parabolic moves. To continue a trend its always good that market corrects itself or come back to equilibrium to resume the primary trend. For now immediate hurdle for the market is to cross 3300 level....
Market is at a crucial level for now, to be bullish market have to close above 3175 else market will be under more pressure. Looking at the covid scenario more economies are implementing travel restrictions as cases are increasing rapidly around the world. Most likely markets will be under pressure till there is significant news about the vaccine or cases drop...