Market is at a very crucial level as of now, 2490 is very important support level if this breaks we can see weakness in the market a further fall towards 2457 levels. With negative news about covid 19 market is very thin and trading with low volumes. Tomorrow is first trading day of the new year 2021 lets see how the market performs. Over all the market is in a...
Market is in a bull trend in other words its in a storng uptrend. Next resistance level is around 2640 i think market will slowly move towards it. With positive news around covid 19 vaccine international markets are reacting positively and moving upwards. Dubai stock market is also moving up and more upside is expected. Hit like & follow to show your support ;)
Market is on a bull run but no market or stock can keep moving in one direction there is always a push phase and then a correction phase. So a correction is soon expected which will be healthy for the market. Immediate support levels are 2500 next is 2480 Resistance is at 2570 over all market is very bullish and this will be the chance to buy the dips. Hit like &...
Hello friends, Dubai Financial Market has been up trending and currently testing the long term downtrend line around 2570 - 2600. This is a very critical zone since the 78.6% fib retracement lies there. Also, this was a support previously which could turn into resistance now. Lastly, RSI is indicating overbought in the daily and weekly timeframes. I would...
Dubai Stock Market is in a nice and steady uptrend. Next solid technical resistance at 2475 levels and immediate support at 2400 which is a psychological support a strong level is at 2390. Over all trend in international market is bullish as the vaccine news is pushing the markets to the upside. After the long weekend lets see how the market reacts to the news....
Market is clearly bullish and in a strong uptrend. Last week market finally broke the important and a psychological resistance of 2400 the best part is it have successfully retested and closed above 2400 level which is another indication of bullishness. Next resistance is at 2460 level we still have some space to move up. Hit like & follow guys ;)
As i had mentioned in my last update 2320 is a strong resistance zone, we can see 2 doji candles right at the resistance level. Sure market is in bullish mode but we need confirmation either market will correct it will 2285 and resume the uptrend or it makes a solid green candle tomorrow to clear the confusion. I think a retracement or correction will be healthy....
Market have to go up and either ways, either it goes directly at 2400 level or it comes back for a retest and then resumes the uptrend. Over all it looks bullish today it have made a doji candle right at the solid technical resistance level that is 2320. There are good chances of some correction at this level as it would be healthy for the market. Very...
Another good day in the market, it got resisted around 2275-80 level but it have crossed major dynamic resistance level that is 200day ema the white line on the chart. I can see 2 scenarios tomorrow either market moves up to 2285 level and take a hold or it corrects itself down to support level around 2240 levels. Market is moving up for non stop for the last 5...
Market have most probably started a new uptrend we can see it making new highs a small retracement and again push to the upside will confirm the trend. It crossed 2 resistance levels today 1 is technical around 2196 2 is psychological 2200. Market is pushing up for the last 4 days now and we can expect a small correction any time. Market looks bullish!! back in...
Market was trading around 2155 in last 5 mins of the session it dropped 20 points nearly. It clearly indicates market is not confident and did not want to hold any positions till the election fever is over. Its better not to trade when there is big news coming up in the market which can effect it. Tomorrow election results will start coming out lets see how the...
Market is under pressure for weeks now clearly we can see its in a down trend. A good support level is around 2160 if this does not hold the next level is at 2135. Even with todays closing thought we can see a green candle its not not interesting as it got rejected at the immediate resistance that is around 2170. It will be very interesting to see how the market...
Hit like & follow guys ;) If we analyse weekly chart the uptrend is still intact and we are seeing a perfect doji candle at the support level. Good chances of market continuing its uptrend from this level. If 2185 holds up and if we can see a weekly candle close above 2220 it will be a good sign that market want to go higher. But at the same time if this level...
Its moving as per the analysis and am not liking it. I want to see market moving up infact all of us want to see it moving up. Next support level is at 2160 i hope it makes a U turn very quickly. Looks so bearish as of now ;( Hit like & follow guys !!
Heavily selling pressure in thursdays session. Unfortunately market have broken a good psychological support level of 2200. A closing at 2194 is not good for sure. Next week market can retest the new resistance of 2200 and may get rejected to go down further till 2160 level as thats the next support. Bearish for now!! Hit like & follow guys ;)