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DFMGI trade ideas

Will it cross 5000 pointsIf you are a regular reader of my blogs you must have surely read my last analysis on Dubai Stock Market Index. Market is making new levels every week attracting international & local investors. Blue chip stocks like EmiratesNBD, Emaar Properties, Dubai Islamic Bank are in a strong uptrend and ready to go more higher. As of today 02/04/2022 Dubai Financial Market General Index is at 3536.65 and to add cherry on top by 12/04/2022 Dewa will be listed for trading. More weightage will be added to DFM Index it means more liquidity will be entering the market which is very positive. I think DFMGI will soon be at 5000 points. Good time to invest in Dubai Stock Market
DFM:DFMGILong
by stalkstock
New HighToday market surprised us by making a new high in the time of "uncertainty" as the peace talks are progressing for now if the out come of the meeting is positive markets internationally will react positively with a big move. Dubai Stock Market is bullish ( Index ) some stocks are in down trend lets stay away from them and focus on positive stocks. Today index have made a new high and more upside is surely expected. Major resistance is at 3530 zone which will also be broken soon once news listings start joining the index. Bullish!! Hit like & follow guys ;)
DFM:DFMGILong
by stalkstock
Is It Chart Damage?Market index is being in this pattern for a while, the pattern is bullish its called ascending triangle pattern which occurs after a defined uptrend. With todays closing we can see first candle - doji of of this chart pattern so is this a manipulation? of the pattern is invalid now? Well in my opinion nothing is perfect in this world and I think market is still bullish todays Doji candle is not very significant. We need more clarity on this may be a weekly closing will help us to decide. One thing is for sure that the breakout of this chart pattern will be very big. I am bullish bias so i am expecting a big breakout to the upper side of this triangle pattern. A solid green candle above 3300 level will confirm a breakout to the upside and we can expect market to cross 2500 soon. Hit like & follow guys ;)
DFM:DFMGIEducation
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
Get Ready For The RideAfter a massive run Dubai Stock Market Index is not taking some rest, so can we expect a bull run again? yes most likely we will see 3200 very soon as thats the next resistance area. Immediate support is at 3125 and 3100 respectively. Since the market is moving backed by fundamentals i am expecting more news coming out slowly which will push the market volumes and index as well...Market is surely bullish any dip is a buying opportunity. Hit like & follow guys ;)
DFM:DFMGILong
by stalkstock
Bulls Are Back?What a performance in wednesdays sessions by Dubai Stock Market with good volumes. Market is surely climbing up but at the same time there are chances of a bearish chart pattern that is head & shoulder. If market does not cross the immediate resistance around 2870 zone then we can see a right shoulder forming and once it break the neckline we can see bloodbath in the market. Another scenario is market may zoom past the resistance and cross the recent swing high that was around 2920 and make a new high targeting 3000 levels. For now market is back in action and stocks are looking good. Hit like & follow guys to support ;)
DFM:DFMGILong
by stalkstock