DIB: Buy ideaOn DIB we have a very high probability of having an upward trend given the configuration of the chart. We can observe small candles with small bodies and long wicks. In addition to this we are also above the vwap indicator. Which reassures us in our purchasing position.
However, we must be vigilant. If the vwap indicator is broken forcefully by a large red candle and accompanied by a large red volume, this means that we would have a high probability of having a reversal in the trend.Thanks!
ADCB: Buy ideaAs you can see on the graph we are in an upward trend. This upward trend is confirmed through several points that we have raised. First, we have the breakout of the vwap indicator and also we had a spring effect on this indicator and this is what reassures us in our buying position. Additionally, we also have the breakout of the resistance line. With all these analysis conditions, we have a very high probability of having a continuity of this upward trend.Thanks!
Waiting for Fresh buyingBurjeel made a nice move to the upside as per the plan many made good money last week. Its going through correction phase but overall this stock is still very bullish. Very soon I think it will break the resistance of 3.10 area and will be trading above 3.40 fundamentally this stock is very strong and Burjeel is starting operations in Saudi its expending its business. Keeping this stock in portfolios will also attract good dividends.
Hit like & Follow guys ;)
No Bull PowerIt could not survive or recover completely although its financial results were very promising. Good chances it can come down to retest 1.33 zone and then may be we can see a bounce. Very small volumes for now it this stock. Need market maker who can provide liquidity for this particular stock.
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What can happen here?Where will this break? its been making very small moves, very small volumes, thin liquidity in this stock although the company is on a buy back program but still we are not seeing any significant moves in this stock.
For now its under going a chart pattern it can break on either sides, lets not rush and wait for the breakout to decide on the trend.
Hit like & follow guys ;)
Still Recovering After the breakdown of bearish chart pattern we saw massive drop to the downside Deyaar is still recovering form the fall. For now its approaching resistance zone so if you are holding or if you have bought at lower levels my recommendation will be to offload some quantities as it approaches the supply area. For now there are good chances it may continue its upside movement.
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Be CalmLets not rush to buy this stock, resistance is very near at 3.20 Salik will soon release its financials and I am expecting it to be good. Good chances it can open with gap up and then we may see a continuation to the upside. For now taking any entries at current levels will be risky as it can again hit the resistance to get rejected and come lower. So lets be patient, once resistance is taken out its time to HIT IT.
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Trying HardDIB has made a attempt to break 6.00 but it could not and now its trying for the second time. I would like to see it spending days near this zone so that we can see a build up of contraction of volatility and then let it explode it to the upside. Support area at 5.40 in case if it wants to come down for a retest.
Hit like & follow guys ;)
LETS GO BABYEmaar Properties has released a positive news with the real estate booming in the UAE property prices are climbing up in other words fundamentally Emaar is getting strong day by day. We will surely see its reflection in the stock price too. With the last Green candle we are seeing buyers garbing this stocks I am expecting a continuation to the upside.
Watchout for a strong resistance around 7.45-7.50 zone. I think this stock will very soon be above 10dhs. For now its under due to geopolitical situation but over all this is a strong stock and highly recommended to be in portfolios.
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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
35% upside in DFMThe share of Dubai Financial Markets(DFM) went up in an impulse in March 2023 and then from July - oct end retraced 78% of the impulse.
The share now completed a simple zig zag correction(ABC) and is all set to move towards AED 1.86 mark in coming few moths.
Note*- this post is for educational purpose only
Taqa Probability No.1 (Bullish View)ADX:TAQA
A clear impulse wave moving inside range as extended wave 3. Now wave 3 never be the shortest one in all three impulse wave ( Wave 1,3,5).
As I observed wave 3 is shortest in price range than wave 1 as I highlighted with grey price range to measure length of wave 1 with wave 3. So, the probabilities are that wave 5 would be shorter than wave 3. How much it should be shorter than wave 3 I highlighted it with red price range which is length of wave 3. Possible target is 7.57/- and then stock will reverse.