Aman Due for correctionInsurance sector is having a nice ride, they are really performing well and most of the stocks have made daily limit ups many times. Sure we have seen a push phase and now a correction phase is due. This correction phase will not be a downtrend it will be a short term and will continue its trend to the upside as more new buyers will enter the trade at the lower or support levels. Over all very bullish.
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Dubaifinancialmarket
UPPI think it will continue to consolidate within the triangle range atleast for another 2 weeks and thn eventually give a breakout to either of the direction. What can we do till thn? easy way to trade is buy at the lower range of triangle and sell at upper range. It means we are trading in range. Till the breakout just STALK IT!!
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DamacIt have closed in green and made a doji candle right at the support level. There are good chances of it going to the upside but due the to panic selling be prepared for anything it can again come down to retest the lower levels of 0.830 tomorrows session will give us good direction.
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Dubai Financial MarketHeavy selling pressure today with gap downs, what happen suddenly? is it cuz USA market is in panic selling? coronoa? dont know yet but the red candle indicates that investors were not confident today and surely not in a mood to buy stocks. Its very sensitive now if it will come back to support level and hold it or is it begining or a new down trend. Till that time we are above 2230 we are safe. But is we see a breakout of 2230 thn fasten your seat belts!!! Over all still very bullish
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UPP when will you break out?I am holding this one since so long i expect a breakout to the upside as its in a symmetrical triangle pattern and its approaching a strong support level near ema and also that trend line so we may see it will hold the price and it will range within the triangle till it breaksout. Pattern break outs are always big and if the breakout is to the upside we can make good money. Bullish
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Damac what went wrong?I was in this trade my entry was at 0.850 and was expecting a target of 0.950 unfortunately it stopped going out but i exited with a break even or even with a small profit My exit was at 0.870. Over all still good for a trade as its in a up trend and also at support level. Strong resistance at 0.902 if it can manage to cross 0.950 will be easy to see.
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Aman What Next?Its been on fire last week but now its retracing back and losing its steam. Mostly likely we sill see coming down to the support level. If you have missed the trade watch out this one for entry support level. It also have made a bearish pattern called dark cloud cover. If price goes below 0.640 more selling pressure will build up and it will go further south. Over all bullish but now correcting.
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DamacStill Damac is at the support level and looks good for buy, its on my list if it just takes a bounce i will enter this one and go long. Surely in a uptrend and looking bullish ready for take off
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Dubai Financial MarketSecond day in red so is the down trend started? the answer is NO we are in a strong bull phase as of now also above 200ema which means market is bullish. There are good and high chances now that it may come down to retest the support area which will be around 200ema. In a bull phase its normal for the market to retrace 30% a correction is healthy.
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Damac is goodIt is sitll good and it has got potential to go more upside it may make some big moves very soon. Bullish for now
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ARTC Are you done with down?Its been a crazy ride for ARTC after touching 1.45 tomorrow is a crucial day its right at the support level i think it will not limit down and i would love to see a hammer or a doji candle indicating a bounce from support area. Will take the trade only after the confirmation till thn keep stalking this one.
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What Happen To YOuSome profit booking was seen today but nothing major, i found support at 2275 level and bounced up. I think more upside tomorrow or it may retest 200ema which will be healthy for market as its been climbing up since 2050. Bulls need some rest too. Very bullish for now!
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Damac Buy opportunityIts good for a buy now it have show a good support and buying have started on this one from today. Good chance to enter early with a long target. Bullish!!
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AmanAfter making a limit high of the day today it didnt give away all the gains but yes some profit booking have started and i think it will come down to retest the important level. I am out of this trade with profits but i would like to renter this stock as its volatile and makes good moves. Bullish for now
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