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Deyaar Development has a potential of 40% upside!Deyaar is one of the largest developers in Dubai. Its real estate ventures include major growth corridors and prime locations, including Business Bay, Dubai Marina, Al Barsha, DIFC, Jumeirah Lake Towers, Dubai Production City, Dubai Silicon Oasis, Al Barsha South and Al Barsha Heights. The stock of this company had a breakout from an important horizontal level of AED 0.65 on Monday's trading session. Speaking of the Elliot wave structure of the stock, the company looks to be going into a major bull run as the the latest leg to the upside is supposedly just the wave iii of III of 3(ignore the marking and labeling if you don't follow Elliot waves, just know that the stock can turn into a multi-bagger in future with those kinds of waves unfolding and yet to unfold.) To talk about the target for the ongoing wave alone, AED 0.95 is the projected target zone for the stock(40% upside from current levels). As mentioned AED 0.65 was a crucial level for the stock and now the same level should be considered as a strong support for it. Note*- This post is for educational purpose only. Please do your own analysis/research before taking ang trading/investing decisions.
DFM:DEYAARLong
by neeraj_2_sharma
Strong Bulls Trending No doubt that emaar properties is in a strong uptrend, people are just buying at what ever price they can. There was also a news that emaar will pay higher dividends. Fundamentals Real estate market is booking in Dubai and with prices going up companies revenue is also leaping many folds. Retest Those who have missed this beautiful rally to the upside now they are waiting for a correction including me to buy this stock. With the strong bulls around i think it can retest 38% FIB and resume its uptrend. I think overall this stock will be very soon above 10.00 very good for long term holding too. Hit like & follow guy ;)
DFM:EMAARLong
by stalkstock
Which Scenario ??Chart Pattern Is it forming inverted cup and handle pattern (scary) if yes then buckle up! we ready to go south till about 0.550 zone. This scenario will change the trend and more down side can also be seen this will be scenario B Pattern Failure If this is a chart pattern failure then be ready for some big moves very soon and I think it will hit 0.8xx area very soon. But for this to happen deyaar has to close the price above 0.725 before breaking 0.660 so its a wait and watch game. Early entry However we can plan for a early bird entry as price is at support zone and target 0.760 area which will give us good RRR Hit like & follow guys ;)
DFM:DEYAARShort
by stalkstock
Will it cross 5000 pointsIf 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 General Index is at 3536.65 and to add cherry on top by 12/04/2022 Dewa will be listed for trading. More weightage will be added to DFM Index it means more liquidity will be entering the market which is very positive. I think DFMGI will soon be at 5000 points. Good time to invest in Dubai Stock Market
DFM:DFMGILong
by stalkstock
Pattern Failure!! I was very positive on DIC to breakout the pattern on the higher side but after the news about Russia & Ukraine broke out its getting weaker. It could not climb up to the resistance level and close. For now we are seeing it got rejected twice in a row. 2 scenarios from here, first it may take hold and start climbing from here to break the resistance and go higher, second it may come down to retest 1.20 zone and try again to breakout. Overall its still in a uptrend. Hit like & follow guys :)
DFM:DICLong
by stalkstock