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DFMGI

DFM Rocket Launch!!Yes market made a big move today finally and thankfully upside. After series of dojis it made a decisive candle today activating bulls and pushing market upside. My plan and market scenario is still the same market took support at 2050 and now moving up this kind of is a indication that retracement is done for now and it have made a double bottow or W pattern in progress it will confirm once it crosses 2120 and move more upside. Next target is 2120 it may go direct or zig zag but the potential from here is to go up. Bullish for sure. Time to make money, let be in the money! Hit like & follow
DFM:DFMGILong
by stalkstock
DFM in RangeRed candle again for the 8th day again and on first day of the trading week. Market is caught in a range market opens positive but cannot maintain its strength and closes negative market is trading on a thin volume & not many trades are happening these days. Today it closed red and made a brearish doji candle, thursday it made bullish hammer candle taking support at 2051 area. So bulls and bears are fighting for a direction and one thing is for sure there will be a big move soon on either side once this range is broken more the consolidation more the bigger move. No doubt market is weaker and as of now sellers are trying to sell what ever they have there are no big buyers for now. Smart money is waiting for some catalyst to buy the stocks. I am still bullish till the time market is above 2050 area which is a very crucial support area. I think there will be more selling pressure tomorrow in the first half and market may recover later. Lets see how the market performs tomorrow. Hit like & follow
DFM:DFMGILong
by stalkstock
Dubai Financial Market Bulls & Bears who wins??In my yesterdays idea i mentioned 2050 is crucial support area, today the market bounced from 2051 and could not break the support area. I was expecting market to make a doji or a hammer candle and as expected it made a nice hammer candle right at the support level. So is the support level confirmed? is the retracement done? bull trend started? The answer is BIG NO!! market just took a hold at the support area and made a hammer candle after a inverted hammer candle day before yesterday. Todays hammer is bullish but to confirm the support we need to see a green candle that should close above 2070 or above 2075 to be very safe. If the market makes upward move from here and confirms W patter we can expect market to make a new high very soon i had mentioned earlier the target could be 2225 area. I am still bullish as the market is above 2050 area. Next week could be very interesting lets stalk the market and find an edge to trade. More details next week, Happy Weekend!! Hit like & follow :)
DFM:DFMGILong
by stalkstock
DFM heading south?Market is getting weaker day by day but interesting part is its not making any big moves to down its climbing slowly. As mentioned earlier 2050 is a crucial support area for this uptrend to sustain i would see a sign of relief it makes a hammer or a doji candle tomorrow to hold at this level. If it wants to break this important level it has to break it with a big decisive candle with a strong momentum. As per my analysis it should take a hold from tomorrow. If it has to make a W pattern at this level it has to hold 2050 area and cross 2120 to confirm the W pattern and resume the uptrend. Lets not forget trend line is broken already and market is just at the near support area. We have to wait for tomorrows closing which will be very important. I am bullish till the market is above 2050 level. Hit like & follow :)
DFM:DFMGILong
by stalkstock
DFM Red Red RedFor the 5th day again it printed red candle and no sign of relief yet! There are 3 support areas marked in yellow boxes as you can see. First support at 2045 - 50 Second is 2030 to 35 and finally psychological support of 2000. In my opinion market have become weak, it made a doji right at the trendline and today it not only crossed but also retested and failed which is very very bearish. Technically we are still in up trend as we have not yet taken the lows out. There is a pattern which can be formed here and its not yet completed but i am presuming that there is a possibility to look at the market from a bull angel. This pattern usually occurs when the market is at the bottom or cannot break the resistance and in up trend it tries to break the resistance by going down consolidation and the up again, the pattern is called W pattern i have drawn on the chart for illustration. There is a possibility it can make a W pattern and resume the uptrend TILL the time its above 2050 level. I am bullish as long as it stays above 2050 levels. Hit like & follow if you like my analysis.
DFM:DFMGILong
by stalkstock
DFM Waiting for news?Another red doji candle for the day, its 3rd day the market is at the same place and not making any moves. As i mentioned in my previous idea its at the crucial zone its a support area. The market is little weak as of todays closing as its almost crossed the trendline BUT not confirmed yet!. My analysis say the market is at support as of now and we witnessed buyers coming in the moment market went lower to 2074 level. I am still bullish it can go up from here but if it fails the second scenario is the market can come down 2050 which is the low of the current swing high, and thn 2030 level. Once the market is below 2050 the sentiments will be bearish for sure. The more the market stays in the current area 2075 to 2085, the more it accumulates hence bigger the move on either of the sides.I am still bullish and expect market to go up. Hit like & follow :)
DFM:DFMGILong
by stalkstock
3
Dubai Financial Market Bulls Bounce BackYes bulls have shown some power in todays session, price was stuck in a range for the last 5 sessions today it almost broke up side with a strong move. This signifies there is buying pressure and bulls are active. Price have consolidated here for 5 sessions it was a consolidation phase and there is a good potential to touch the recent high that is 2160 level quickly. I have been bullish and still bullish in this market. Check out my insta for tomorrows trade and stock picks which has potential to move upside Hit like & follow
DFM:DFMGILong
by stalkstock
Dfm Crawling upIts slow but its moving up, it gave a breakout finally on thursdays trading session. I think its too early for a retest and i expect market to go more higher tomorrow but if it fails from the current price we can confirm a double top pattern and the index can go back to retest 1990 and 1940 zones. But its not likely as fundamental is improving and economy opening up it looks positive even the oil prices going higher. So i think we should have a green day tomorrow at the same time its very important that it keeps the gain and sustains it and closes higher. I am bullish.Happy Trading Hit Like & Follow
DFM:DFMGILong
by stalkstock
6
Dubai Financial Market- what next?Last week we traded only for 2 days because of eid holidays wednesday was a breakout day and thursday was profit taking with good volumes of sell pressure. I think the market will retest tomorrow 1935 to 1945 zone before it resumes it up trend. We have still not broken the support level so we are clearly in short term up trend. I think tomorrow second half buying will start as retest of the level will be done in the early hours. If not thn tomorrow will be a retest day and monday bulls will be back. I am bullish for this market on short term basis. Happy Trading :) Hit like & Follow
DFM:DFMGILong
by stalkstock
3
Dubai Financial Market what next?Bulls need to show power as price have tested the lows 3 times in a row and have rejected. Price also confirmed to go higher after testing the lows. As of now its consolidating or ranging at the current price levels. If we dont see a break up or a failure we can see a immeditate support at 1882 zone however we are still in near term up trend. My view is bullish on this market and i think we should see a breakout in coming trading sessions. Lets prepare for the market to open after eid holidays. Happy Trading :) Hit Like & follow
DFM:DFMGILong
by stalkstock
Dubai Financial Market - Bulls in control?Started the with a green day for the week, it took nice support at FIB levels and pushed it up indication correction is done and there is now a potential to go more upside, first target should be 1940 and then the recent swing high which is 2040. Market was good today but dint witness big volumes to close above the previous high of 1920. Bulls should show more power to push the market upwards and take full control. RSI still below 50 which is another indication that market is still in range and not yet confirmed for the up trend. I am bullish on this market Hit Like & Follow :)
DFM:DFMGILong
by stalkstock
1
DFM - Sign of Relief?Interesting closing today and finally a green candle on a daily chart. So is this starting of a up trend again? is the downside over? In my opinion NO!! As mentioned in my previous idea it did find the support at the ichimoku base line (tenkan sen) and we have seen a bounce today from the same levels. But we did not see a confirmation yet for the upside we still saw and green hammer candle but to confirm the end of this retracement we need to have a close above 1905 tomorrow to confirm the correction is done. Yes we can also see long wicks below the candle which shows good support area a confirmed and decisive close above 1905 will resume the rally in my opinion. The next target should be 1940 area once we have a confirmation. I am still bullish ! If this is informative hit like & follow to show your support :)
DFM:DFMGILong
by stalkstock
Dubai Financial Market - Has it bottomed?Clearly it could not hold above 1900 levels and selling pressure was witnessed in early hour of trading. Interesting part is it bounced right at the 26 days tenkan sen (base line in red) which is ichimoku's important indicator and a medium term trend line. Also 1850 is a 50% fib level from the current rally. Good chances that market can bounce off from here to the next higher levels. There is also possibility that it cant hold and we may go further down to test the swing low that is 1800 level. Major news expected this week which may also direct the markets direction. Lets see how the market goes tomorrow i am still bullish on this one. Happy Trading Hit like & Follow if you liked it.
DFM:DFMGILong
by stalkstock