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Deyaarproperties

Deyaar BoomDeyaar 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 1.00 early it was struggling but it has turned around now and its now trading with high volumes on daily basis. Still this is cheaper I think it will fly soon!! Hit like & follow guys ;)
DFM:DEYAARLong
by stalkstock
Again Disappointment ?We have seen Deyaar has got a habit of surprising the market. Whenever we see its in a “bullish” mode and ready to go higher very same day it will be dumped and closed in RED!! At times when Deyaar is not expected to make any move it will suddenly close with a solid green candle. Lately its been under pressure and moving side ways most of the time. It was in a bullish chart patter but unfortunately it broke to the down side and now recovering. Deyaar is a “yellow flagged” stock in Dubai Stock Market which means its in a accumulated loss between 20% – 50% of issued capital. Deyaar is trying to breakout and move higher but facing tuff resistance as we can see on the chart resistance is strong as whenever it tried to cross it was a failure. A strong resistance is at 0.460 0 – 0.465 last weeks closing is at 0.463 I have seen it disappointing earlier so I dont trust this small breakout, volumes are increasing but I would like to see a closing above 0.480 to confirm its resuming its uptrend from here. Over all trend is still to the upside but it was going side ways for all these months. With Emaar Properties leading the real estate sector I thing Deyaar will also follow the suit. I had recommended right near the support after looking at the bullish price action to have a small stop loss and a good target of 1:4 RR still there is a good chance of it going higher if we take the first green candle as a break out and the next days red candle that is a DOJI meaning indecisive day and then a green candle with a gap down – retest of the breakout. If on Monday it opens with a gap up there are very good chances we can see a good big move to the upside if, it opens with a gap down I think it will remain around the same level. Both 20 & 50 day moving average are below the price and acting as a support for Deyaar. A close above 0.480 will attract more buyers and it can retest the swing high of 0.540 or if it again fails this time it can come down to retest 0.420 level. With market sentiments at all time high I hope Deyaar will not disappoint us this time. We want to see big volumes with big moves to the upside coming week.
DFM:DEYAARLong
by stalkstock
2 Scenarios & Big MovesScenario 1 - Its at a very right place to burst upside that will be very ideal and a profitable, here I can see pattern with in a pattern and both are bullish. First is the triable pattern which is clearly formed and second is a potential inverted head & shoulder pattern that may form in coming days. To activate this pattern its very important that it stays above 0.475 once it breaks the resistance with big volume that is 0.50 we will see aggressive buyers coming in and pushing it higher and higher. For not its looking very good i would recommend to buy atleast some quantities at the current level so that you dont miss the breakout and once the resistance is broken more quantities can be added. Scenario 2 - If the pattern fails it will drop back to lower levels and trigger more sell which obviously we dont want to see. Since there are 2 bullish patterns and market is also positive i think it may break to the upside most likely. Even in higher time frames this stock is bullish!!! Hit like & follow guys ;)
DFM:DEYAARLong
by stalkstock