Did You Miss The Last Move?This stock is now unstoppable !!! I would recommend this stock to be in you portfolio for long term and it will give you some handsome profits for sure along with dividends. From the fundamental side more new companies are about to list on DFM which will increase the volume, liquidity which is more revenues for DFM so this stock will touch skies. Last closing was just crazy a big volume was bought that is around 10m shares just at the time of closing surely this was not a retail trader or investor this was a big institution buying indicating big potential i had added some quantities to my winning trades which i had shared already with you all. It would be so nice if it comes back for a retest which will be purely a buying opportunity. Dont mist out on thiss!!!! very bullish and highly recommended.
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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!!!
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Change in momentumWe can identify a double bottom patter in deyaar which is bullish also it have broken the neckline/resistance and closed higher. With the current scenario in the market with low volumes there are high changes that it may come back for the retest, this will be a buying opportunity for those of have missed the trade. Shift in the momentum is seen lets hope that is sustains the gains. No harm in taking some small quantities.
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Bearish Mode For NowFor now its under pressure more selling will be triggered if it goes below 4.70, strong support at 4.65. If we want see a bullish scenario we can expect market to make a inside day candle tomorrow and later in the week close above 4.90. For now its in a no trading zone.
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Good for long termThis stock is very good fundamentally and technically as well, also a good stock to be in your portfolio. After a morning start kind of pattern its struggling to cross the resistance that is around 1.22 zone once the resistance is taken out we can see it flying higher. Over all very bullish!!
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Get ReadyOver all bullish and it have recovered from the previous fall, I think it will make a big move soon to the upside. Its right at the support and at a buy zone sellers have tried to bring it lower but the very next day we can see bulls taking charge and holding the support zone. Very Bullish!!
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Will It Breakout?This stock is very slow with low volumes most of the time, overall insurance sector is under pressure for now. If this pattern gets activated it can be a very profitable trade. This is a bullish chart identified on a weekly time frame so the effect can bigger. Its in a range since so many weeks if it breakout positive the impact will be very big. Looks bullish!!
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Market Gives a Hint!!After the delisting of emaar malls today many of the traders got swap shares and many booked the profit. If we read the candles yesterday was first indication that market may sell off. This is the power of technical analysis. Support zones are marked in white lines watch out for a good chart pattern to enter the trade. Wait & watch game for now.
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More UpWe can see similar pattern previously after every red candle market pushes up, thursdays candle is positive and buying have again started. I think more upside is expected on this, lets wait for a break of this trend line to sell till thn its good for holding. very bullish after the financial results.
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Another Limit UP?Its holding at the support level for now also we can see a inside day candle - bullish, second gap is already filled a gap before that is not yet filled. If the market is positive and if it goes above 5.38 expect a limit up again. Else we can see some weakness and it come come down to fill up the gap it will but a opportunity - buy the dip!!!
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