DUBAI ELECTRICITY (DEWA) running a clean Elliott🔥 DUBAI ELECTRICITY (DEWA)
“DEWA’s running a clean Elliott textbook: ABC down, new impulse up. The bulls stepped in hard at the C-wave low — textbook demand zone reaction. Now riding Wave 3 with momentum, and 3.06 is the magnet.”
### 🌀 **Elliott Wave Breakdown**
* ✅ Completed impulse: Wave **(1)-(5)** topped near **2.90**
* 🔻 Correction: **ABC** Zigzag down to strong demand zone (**C** low = liquidity sweep)
* 🟢 New bullish impulse unfolding:
* Wave **(1)** and **(2)** of the new cycle co
SALIK (DFM) BOS confirmed the bulls are back in charge### 🌀 **Elliott Wave Structure**
* The stock completed a textbook 5-wave impulse (1 → 5).
* Followed by a complex **ABCDE correction**, ending with a liquidity sweep on Wave (E).
* Current price action is a **bullish breakout** — likely the start of a **new impulsive cycle**.
### 📐 **Fibonacci Extension Target**
* **7.35 = 100% Fib extension** of previous impulse (Wave 1–5), projected from Wave (E).
## 🎯 **Trading Setup**
| **Entry** | Market @ 5.90 |
| **Stop Loss
DUBAI TAXI COMPANY (DTC) Riding The Ascending ChannelDTC’s bouncing clean off the old resistance, now strong demand. Classic flip. Riding within an ascending channel, eyeing 2.75+ — just needs volume to push through
### 🟢 **Support Turned Demand Zone**
* The **previous resistance zone** around **2.33 – 2.42** has flipped into a **strong support/demand zone**.
* Price dipped into this zone and sharply bounced, confirming **buy-side absorption** at that level.
* Classic **S/R Flip** behavior – ideal for long setups.
* **Ascending channel** is dev
DFM : DIB - Trade Plan - Good Bounce at Fibonacci RetracementGood Day, Traders!
The Stock DIB at #DFM bounced twice from Golden Ratio of Fibonacci Retracement after providing dividend. This makes the golden ratio a respectable support. The stock is expected to rise from here with few corrections. We may have a profit taking opportunity. Good volumes further enforces this idea. The trade maybe taken now if not taken earlier. Below is a trade plan:
Trade Plan:
Buy: 7.00
Stop Loss: 6.42
Take Profits: 7.68 & 7.92
Happy Trading!
ADX LULU | Bullish Divergence | Possible Reversal | Trade PlanGood Day Trader!
We observe a Bullish Divergence between the last two Lower Lows. There are three scenarios:
Scenario 1: The bullish divergence will take effect and the price will rise.
Scenario 2: The price can go sideways for consolidation.
Scenario 3: The price may ignore the bullish divergence and continue to drop forming new HL and LL.
We will take positions at the breakout. Accordingly refer to the suggested trade plan.
TRADE PLAN
Buy : 1.39
Stop Loss: 1.09
Take Profit: 1.69
Potential Rebound on Abu Dhabi Aviation – Technical Setup Near KTechnical analysis for Abu Dhabi Aviation (ADX:ADAVIATION)
The stock is currently trading near a strong support zone between 5.48 and 5.60 AED, a level that previously triggered a sharp bullish move.
With selling momentum weakening and price stabilizing, there’s a potential for a new bounce if bullish confirmation appears.
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Key Technical Highlights:
• Fibonacci retracement from 5.48 to 6.64 shows price hovering near the 78.6% level – a classic reversal zone.
• RSI is in neutral territory,
ADX: MULTIPLY - Good Recovery, Corrections zone, Trade PlanThe stocks MULTIPLY bounced from a major resistance with bullish candles and consecutive green closing. We also observed bullish divergences in the past month.
Currently the price is in between a resistance and support zones. We saw a red candle closing today which can be a good sign. For a sustained bulls run, it is important that the price correct itself and spend some time here.
The trade plan is to enter just above the current resistance zone. Keep the stop loss at the major resistance. An
Technical Analysis of Talabat Holding PL (TALABAT) StockPrice Levels
Current Price: 1.41 AED
High: 1.61 AED - Low: 1.40 AED
Ask Price: 1.42 AED - Bid Price: 1.41 AED
Trend Analysis
The stock has been in a downward trend since early March, with consistent lower highs and lower lows.
A sharp drop occurred recently, pushing the price below key moving averages.
Price is trading below the Ichimoku Cloud, indicating a strong bearish momentum.
Technical Indicators
✅ Relative Strength Index (RSI)
RSI is below 30, signaling that the stock is
Dubai Financial Market (DFM) – A New Bull Cycle Emerging?# **Dubai Financial Market (DFM) – A New Bull Cycle Emerging? 🚀📈**
If you think that Dubai Stock Market has already had hits moment, think again - the real party is just about to begin!
The Dubai Financial Market (DFM) has historically followed a **clear cyclical pattern**, with **three major market cycles** observed over the past two decades.
- **Cycle 1 (2005-2009)**: A strong bull rally followed by a deep correction.
- **Cycle 2 (2013-2015)**: Another rally that led to a sharp declin
ADCB Long setup
ADCB (Abu Dhabi Commercial Bank) – 30-Minute Chart Analysis
- The price is currently in an overall uptrend forming higher highs (HH) and higher lows (HL).
- After a possible short-term correction
- The price is recently tested a key demand zone around 11.58 - 11.44 and touching the upward trend line which acts as a resistance level.
Trade Setup
- **Entry:** at **11.82 - 11.92**.
- **Stop Loss:** (Below 11.40)
- **Target:** 12.60 (next supply zone )
- **Risk-Reward Ratio:** ~1:3
TALABAT - (DFM) Potential Reversal from Demand Zone📉 TALABAT Potential Reversal from Demand Zone 🚀
The stock has been in a downtrend since its IPO, establishing an uptrend around January 5th, followed by a corrective wave starting January 21st after the previous impulsive move.
Currently, the price is testing a key demand zone (1.42 - 1.39), which was formed earlier in January. Signs of a potential trend reversal are emerging, including a break of the downward trendline.
A strong supply zone at (1.59 - 1.62) could serve as a profit target for
Julphar (ADX) Long SetupJulphar has been in up trend since 18th Dec with a lovely 33% profit so far. The stock is making a correction now touched the upward trend line which coincides with a a 1H demand zone. this DZ has been holding for the third time, the price expected to shoot higher whenever we have 3 touch points.
Good time to enter or add to your position.
Entry ~ 1.48
Target ~ 1.63
SL ~ 1.40
Remember,
“The trend is your friend until it bends at the end.”
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Disclaimer
ADNOC Drilling Potential Reversal from Demand ZoneADNOC Drilling bouncing from a 1H DZ, and rejected the Daily trend line, this is a good indication for upward momentum, after disappointing Earnings but positive 11% revenue higher than estimates.
Enter around 5.58 with potential target at 6 (Supply Zone)
SL 5.44 (base of the 1H demand zone and under the trend line)
Good time to jump in or add to your position.
Trade safe !
🚨 Disclaimer: This is not financial advice. Always do your own research and manage your risk accordingly. 🚨
SALIK (DFM) Wave 5 in playSALIK has undergone a significant correction of 18%, marking the conclusion of wave 4. There is now potential for wave 5 to commence, following a bounce from the Daily Demand Zone (DZ).
The 1.68 Fibonacci level indicates a target price of approximately 7.8, suggesting a potential increase of around 60%.
This could be a good opportunity to enter the market or add to your position























