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Reversal Or Deep CorrectionBanking sector was performing good but currently under pressure. Well there are scenarios as DIB is right at the strong support level if 4.90 hold we can expect a rebound for that to happen it should first break the trendline to give us some confirmation. If the support is broken that is around 4.90 we can see some sharp selling till 4.75 levels. As of now its in a no trading zone better stay away from it till we can some bullish confirmatin. Hit like & follow to show your support ;)
DFM:DIBShort
by stalkstock
Emaar Looking Weak!!Last week was not very good for Emaar Properties, selling pressure was seen almost through out the week. With important support level broken its looking weaker. Immediate support is at 4.05 and resistance is now at 4.15 we can see 2 possible scenarios from here, First it may come down to retest a strong support at 4.00 or it moves updates from the last closing. Its in a no trading zone as of now, Not Recommended!!! Lets wait for a proper breakout. Hit like & follow guys ;)
DFM:EMAAR
by stalkstock
Panic In The MarketA very high weighted stock like Emaar is under pressure and is pushing down the whole real estate sector. International markets are surely getting the negative effect from the Chinese real estate company that is almost about to collapse. With some recovery seen in the international markets today lets hope to see some stability in Dubai Stock Market as well. Emaar is over all bullish but as of now under pressure. First support at 4.00 next at 3.95 now resistance is at 4.15 lets see if it can break tomorrow or it comes down further for a retest. Hit like & follow to support this channel :)
DFM:EMAARLong
by stalkstock