Technical Analysis of FTSE Abu Dhabi General Index

Technical Analysis of FTSE Abu Dhabi General Index

FTSE Abu Dhabi General Index OVERVIEW

The FTSE ADX General Index (FADGI) is the market index of the Abu Dhabi Securities Exchange (ADX).

The FADGI is influenced by:
🔹 Banking and Real estate blue chips
🔹 Telecom firms
🔹 Adnoc Gas Processing ADX: ADNOCGAS
🔹 First Abu Dhabi Bank ADX: FAB, the country’s main lender

The FADGI is closed at 9,482.97 AED, 🔻1.136 % from the previous close.

CONCLUSION - FTSE Abu Dhabi General Index FORECAST

📉 Based on our price action technical analysis, the FADGI is right now on the crucial support since February 2022. Breaking below, the index will fall further.

📈 Investors should keep a close eye on the market trends and key indicators to make informed decisions.

Stay updated with our UAE Stock Trading Advice for more analysis and insights on the FADGI & UAE market indices.

Remember, it’s not about timing the market, but time in the market that counts. Invest wisely and stay safe.

FADGI Information - TRADINGVIEW POSITION UPDATE

التحليل الفني ل FADGI by NaranjCapital on TradingView.com

Follow FTSE ADX General Index On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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