Back at the levelAfter the breakout to the upside as i had indicated in my previous analysis it touch the resistance and now back the at the support level also we can see its at 200 day ema which will act as dynamic support. If it takes bounce from here we can again trade the range. Keep stalking this one it may give a good trade setup.
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DFM
Dont Miss ITLooks very good for coming week look very bullish and can be bought with a good quantity. Very bullish for now dont miss it also it can be a positional trade for long targets. First target 1.53 second target 1.60
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More to downsideIt was on a nice bull run and as of now its just on a fall. Its soon approaching support level. How to trade? First let it make a bullish candle at support and then let it break the trend line to confirm. We can take the trade for a target of 1.00 and 1.15 respectively. Keep it in your watch list. Stalking mode!!
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Market in DowntrendHeavily 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!!
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Good for buyIt broke the resitance level and with todays candle we can say it was a retest. Although its a red candle but it is bullish as wick says there is support at the lower level. How to trade ? if it crosses 0.930 it will be a good confirmation to enter the trade. Looks bullish now.
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BIG DAY TOMORROWIt will be a nice test tomorrow to see if market can cross 2240 level in one go or it will get rejected. 2240 to 2245 was a strong support level lets see if bulls are so powerful that they can break this barrier tomorrow. I am again getting bullish in the market.
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Gap UP!!Doji and gap up means buyers are more aggresive and in control of the market. Will it cross the resistance ? we have to wait and stalk it as its in a down trend as of now so it will be very risky to take the trade. Keep stalking yes a good bounce is seen from the support level. If you are aggresive trader this is good time to enter. Keep Stalking :)
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Looks Very ScaryHard times ahead guys ! it retest the previous support level which is now acting is resistance. I see more down side first support around 2200 next 2160 next 2100. Why is this happening? international markets in green and flying high why dfm is bleeding. Is it because of artc? or quarterly results that will be soon announced? bearish for now!!
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Support BrokenMarket today finally broke the important support level, i can see 2 scenarios from here. First is it crosses the New resistance of 2240 and starts to move the the upside we can say a immediate recovery after breaking the support. Second is it comes for a retest around 2240 and gets rejected to see 2160 level which is first support level. Market have turned weak now i am bearish!
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Green Candle Expected TomorrowIf you are following my trade ideas, we know that 2240 is important support level for the market. At the same time if any particual level is tested again and again it gets weaker. The support level of 2240 is test 3 times already now. From here we should see a bounce tomorrow it would be good to see market crossing 2295 atleast to take out the small resistance level. It will boost the confidence of the traders and we can expect more upside. Till the time we are above 2240 its bullish..
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What a ReliefAfter a crazy panic selling in the market yesterday we saw some good recovery today a good sign of relief. Now we want to see it crossing tomorrow 2290 level to confirm and to be on the safe to keep the uptrend intact. Over all globally markets are recovering so i think DFM should also follow the suit. Above 2240 i am bullish
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Emaar DevelopmentsIt broke out of the bullish cup & handle pattern and made a nice high. Thursdays session it could not manage the highs and the candle that we can see is bearish that is inverted hammer type of candle indicating selling pressure. No the trend is not bearish only the candle as of now. I think if it wants to retrace it can come down to 2.35 level and take a bounce to the upside. Over all bullish
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DFM GO BULLS GOMarket have broken the resistance level of 2308 have have closed at 2320 it made a good volume right at the time of closing. I think smart money have entered the market to take it to the next level. During last 2 to 3 days we have noticed that international markets are in panic selling mode so DFM can feel the heat too. There are good chances it may retrace back to 2300 or 2800 level and resume the uptrend. Over all very bullish.
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