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ADNOC Gas (ADX) – Riding Wave 5 Analysis: The stock appears to be in Wave 4 completion, and Wave 5 seems to be forming as per Elliott Wave Theory. The recent pullback aligns well with a key demand zone around 3.39, which has been respected, indicating strong buying interest. Wave Analysis: - Wave (1): Impulsive move from a prior consolidation range. - Wave (2): Corrective pullback, respecting prior demand. - Wave (3): Strong impulsive move higher with increased momentum. - Wave (4): A corrective pullback to a demand zone near 3.39, forming a higher low. - Wave (5): Targeting 3.97-4.00 levels, aligning with a Fibonacci 1.618 extension of Wave 3. Supply/Demand Zones: - Demand Zone: 3.39-3.14 (validated as price has reversed strongly). - Supply Zone: 3.97-4.00 (potential resistance as Wave 5 completes). RSI Confirmation: - RSI on lower timeframes (e.g., 4H and 1D) shows no bearish divergence, which supports continued bullish momentum for Wave 5. Trade Setup: - Entry: around 3.52. - Stop Loss: Below the wave 4 low at 3.39 to minimize risk. - Take Profit: Target Wav 5 completion at 3.97-4.00. - Risk-Reward Ratio: Approx. 1:3 “Trade what you see, not what you feel.” Stick to your analysis and avoid chasing the market if the price fails to confirm Wave 5. Always use proper risk management. Allocate no more than 1-2% of your account balance to this trade to ensure sustainability. Patience is a trader's greatest asset! Happy trading! 🚀 Disclaimer: This idea is for educational purposes only and not financial advice. Always do your due diligence and consult a professional before making any trading decisions. Trading involves significant risk, and past performance is not indicative of future results.
ADX:ADNOCGASLong
by MESHANL
BILDCO – UAE Stock Market (ADX) Bullish Reversal in Play BILDCO – Bullish Reversal in Play 🚀 Ticker: BILDCO (ADX) Timeframe: H1 Setup: Elliott Wave + Demand Zone Strategy Trading Idea: 1. The corrective Elliot Wave (c) ready to wrap up as price dips into a strong Daily Demand Zone between (0.620 - 0.600), right in line with the Fibonacci extensions 1.382 (0.5810) and 1.618 (0.5429). - If this level holds, we’re looking at the start of a fresh Wave (3) in a new impulse cycle – and Wave (3) doesn’t play small. 2. Demand Zone Confluence: - Heavy buy-side interest here; volume profile confirms it. This zone is loaded with potential. 3. Bullish Momentum Ahead? - Price action in this area will tell the story. Watch for confirmation with strong bullish candles (engulfing, hammer, or similar). Game Plan 1. Entry: - Long from 0.620 - 0.600, 2. Stop Loss: - Below the Demand Zone at 0.5712. Keep it tight, protect your capital. 3. Take Profits: - TP1: 0.7066 – First supply zone. - TP2: 0.7540 – Next major resistance. - TP3: 0.8711 – Targeting Wave (5) extension. 4. Risk-Reward: - Insane RRR of 1:8.59! Small risk, big potential move. Why This Setup Rocks - Demand Zone Holds Weight: Fibonacci + price action + volume = solid entry zone. - Wave (3) Firepower: It’s typically the biggest, most explosive wave – perfect for riding the trend. - Volume Backing It: Buyers are already lining up, which is what we want to see at key levels. --- ### Disclaimer Not financial advice – trade at your own risk. Always use proper risk management and evaluate your own strategy before entering a position. --- ### Follow for More Setups "Missed opportunities are a trader's biggest regret. Stay sharp, stick to the plan, and make the most of every move!" Hit Follow for more insights and ideas like this one. Let’s crush the markets together! 🚀💹
ADX:BILDCOLong
by MESHANL
2
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
A new wave up in ADNOC GASADNOC Gas Processing is a natural gas producing company and the largest gas processing complex in Abu Dhabi. The share of ADNOC GAS went up in an impulse from march 2023 and completed the impulse wave up by august 2023 From Aug. 2023 to Oct 2023 the share corrected 61.8% of the entire rise in the form of an Elliot Wave zig zag(ABC). The Wave 3 for the stocks seems to have started off and the projected target for the same would be approx.4.15 AED(26% from CMP). Note*- This post is for educational purpose only
ADX:ADNOCGASLong
by neeraj_2_sharma
More RecoverTrend Etisalat is in a strong downtrend for now, for the last 2 days we are seeing some bounce/short recovery. We cannot trust this move as this can be a correction phase of this massive drop to the downside. We wait for a proper bullish price action to take any position. Fib Level Watch out 50% Fib level area if we see rejection candles around that area it will be a added confirmation that bears are charging and bulls will have to leave the ground. For now its too risky to take any trade in this unless its quick entry and exit strategy. Hit like & follow guys ;)
ADX:EANDShort
by stalkstock
SELL ADAVIATIONDear Emirati Traders, it's been a while since I last posted about UAE Markets. On ADAVIATION, you can see that the price is heading down after pullingback twice on the sell zone and went around the resistance level we have at 7.88 before taking his way down to the level 0.5 of the pitchfork, as you can see on the chart, today the stock closed below the 0.5 level, to sell you must wait for a confirmation to get a good selling position. The comment section is all your for further questions!
ADX:ADAVIATIONShort
by YassineAnalysis