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Dubaistockmarket

2 Scenarios & Big MovesScenario 1 - Its at a very right place to burst upside that will be very ideal and a profitable, here I can see pattern with in a pattern and both are bullish. First is the triable pattern which is clearly formed and second is a potential inverted head & shoulder pattern that may form in coming days. To activate this pattern its very important that it stays above 0.475 once it breaks the resistance with big volume that is 0.50 we will see aggressive buyers coming in and pushing it higher and higher. For not its looking very good i would recommend to buy atleast some quantities at the current level so that you dont miss the breakout and once the resistance is broken more quantities can be added. Scenario 2 - If the pattern fails it will drop back to lower levels and trigger more sell which obviously we dont want to see. Since there are 2 bullish patterns and market is also positive i think it may break to the upside most likely. Even in higher time frames this stock is bullish!!! Hit like & follow guys ;)
DFM:DEYAARLong
by stalkstock
Long Term View - Bullish This is the monthly chart of DFM Index, market is in a healthy uptrend since April 2020 the best part is its moving up with small corrections and we dont see any parabolic moves. To continue a trend its always good that market corrects itself or come back to equilibrium to resume the primary trend. For now immediate hurdle for the market is to cross 3300 level. Next and major resistance is at 3650 level, market will not straight away climb up as usual we will have pull backs which will be seen as buying opportunities keeping in mind 2022 will see many IPO's and all are heavy weighted as these companies are govt. entities and will carry weightage on the index. Not to forget about RSI which is a momentum indicator for now its above 60 which also indicates the momentum is to the bullish side. I think 2022 will be very good for Dubai Stock Market and there are good chances that we may see new highs. Very good time to invest in DFM! over all very bullish I recommend everyone to invest in dubai, invest in uae this is the right time. Wishing you all a very happy new year!!! Hit like & follow guys ;)
DFM:DFMGILong
by stalkstock
At a crucial levelMarket is at a crucial level for now, to be bullish market have to close above 3175 else market will be under more pressure. Looking at the covid scenario more economies are implementing travel restrictions as cases are increasing rapidly around the world. Most likely markets will be under pressure till there is significant news about the vaccine or cases drop drastically. Its better to stay away from the market till the storm is settled. Hit like & follow guys ; )
DFM:DFMGI
by stalkstock
South or North?If we see the bigger picture on a weekly chart, we can see a breakout of a pole and a flag pattern. Yes we can see the breakout already and if the next candle or the last weeks candle can be taken as a retest candle which is a "success" for now then we can expect this stock to move slowly the the next target around 1.45-1.50 level. For now its a breakout, we should see a gap up opening or a flat opening it order for bulls to get activated. A gap down will discourage the buyers and will show weakness. Over all bullish!! Hit like & follow guys ;)
DFM:AMANLong
by stalkstock