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EMAAR - Dubai Financial Market *****Please follow, like, and support this idea, if it helped you in anyway***** ***This is not a financial advise*** Emaar is on its way to fly high - and not thinking of looking back, It has broken the channel two time and got the rejection. On the third time with the double bottom, it might break all the resistance coming on its way. Additionally, it has also started trading as derivatives on the DFM, so buy and sell game will start Stocks holder - keep an eye for long term and the target of AED 8 is easy to attain with in 5 years of time, short term, please stay away as it will jump and retrace quickly due to derivatives pressure initially Overall, This is the heavy weight share on DFM, Chart was prepared on request from Mr. Omar
DFM:EMAARLong
by FOLLOW_PIPS
6
Resistance Broken!!Today with a big move to the upside it broke solid resistance around 2.30 level. We would like to buy it but not now as its in a push phase let it come down for correction we will surely get a chance to enter the trade at the support levels. All we have to do is patiently wait for the price to come down and give us a good setup to enter the trade. No need to rush most of the time we just enter the trade and market just comes down!! thats because we enter at resistance level and its time for a correction. Looks bullish Hit like & follow ; )
DFM:EMAARDEVLong
by stalkstock
Strong Support HoldsEmaar was at a very important and crucial support level which i mentioned in my previous analysis - 2.55 level. We can see some price action right at the support level. For the last 2 days its making nice big green candles infact today it opened with a gap up and came down for a small profit booking too but buyers again jumped in and pushed the price to the upside. Emaar has power to move the whole market it is big stock and it has got heavy weightage on market index. I will wait for a correction and then enter the trade. Looks very bullish for now this can be a begining of a new uptrend!! Hit like & follow guys ;)
DFM:EMAARLong
by stalkstock
BullishIt have tested the same level 0.264 four times now. We are seeing a bullish candlesticks right at the support level. If you have entered the trade first target is 0.280 for now. Still the trend is to the downside. In order to start a uptrend it have to cross 0.280 with a solid green candle in this case we will see a new high and it will cross the previous swing high. A small retracement again which should be a higher low and contiune to the upside this will be a proper bullish price action. For now its good for intraday trading!! Hit like & follow guys !!
DFM:UPPLong
by stalkstock
Still No ClarityDeyaar is been trying hard for weeks now!!! it was just trying to hold above the support level around 0.268 and today agian we saw a good closing right above the support level. The trend is still to the downside we cannot just trust 1 green candle to enter the trade unless you are trading support and resistance me as a trend trader i would like to see some more price action and enter the trade once the trend is confirmed. Keep stalking this one. Hit like & follow guys ;)
DFM:DEYAAR
by stalkstock
Nasty ClosingMarket was trading around 2155 in last 5 mins of the session it dropped 20 points nearly. It clearly indicates market is not confident and did not want to hold any positions till the election fever is over. Its better not to trade when there is big news coming up in the market which can effect it. Tomorrow election results will start coming out lets see how the market reacts to it. Market is in a serious downtrend the next support is 2135-20 level i hope the market takes a bounce from there. Looks very bearish!! Hit like & follow guys!!!
DFM:DFMGIShort
by stalkstock
Good for buyThis is one of my favorite stock i have been stalking this one for quiet a time now. Right at the support we can see 2 bullish hammer candles. If over all market is positive i think this one is ready to fly. My trade plan to buy this - if it opens with a gap i will buy when it comes down, if it opens flat i will buy immediately, it it opens down i will not trade i will wait for the price action for a confirmation. Looks very bullish to me!! Hit like & follow guys ;)
DFM:UPPLong
by stalkstock
1
Do or DIeMarket is under pressure for weeks now clearly we can see its in a down trend. A good support level is around 2160 if this does not hold the next level is at 2135. Even with todays closing thought we can see a green candle its not not interesting as it got rejected at the immediate resistance that is around 2170. It will be very interesting to see how the market performs tomorrow as US election results will be announced in next 11 hours. I think with international markets in green and recovering from the recent losses it should follow the suit. Market will be very volatile if you are trading i recommend to trade with small quantities. Below 2200 it looks bearish to me. Hit like & follow guys for your support;)
DFM:DFMGIShort
by stalkstock
End of Pain??It have been falling down since important support level was broken at 2.85 we are seeing a nice hammer candle right at the support level. So is the down trend of emaar finished? not yet we want to see a confirmation, once it closes above 2.68 it will be bullish for now we keep stalking we dont need to enter the trade first let the market decide and give us a some bullish signal to take the trade. Once the resistance level of 2.86 is broken we can see a nice momentum to the upside. Hit like & follow guyes.
DFM:EMAAR
by stalkstock
2