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D-DJI

DJI DOW BOTTOM CONFIRMATIONDOW THEORY RULES: 1. How to Identify Significant bottom(valley)? We need two parameters 1. Width:- Should be more than 31 days(≈ 4 weeks) 2. Depth:- Should be more than 4%, in the valley we measure Depth by looking from top to the bottom (visualizing as seeing a pool of water from the surface and measuring its depth). AS PER DOW THEORY, NEW BOTTOM CAN BE CONFIRMED TOMORROW IN DJI IF IT SUSTAINS ABOVE 30K LEVEL, TOP IS AT 34856 UNTIL THAT IS NOT TAKEN OUT DJI IS STILL IN A DOWNTREND. BUT THE BOTTOM CREATION WILL BE A GREAT PLUS POINT FOR THE BULLS TO KEEP A SL. ONLY IF TOMORROW (WEEKLY BASIS) IT CLOSES ABOVE 30K.
TVC:DJI
by iktisabrehman
Comparison of leading markets to anticipate the future movementAn attempt to anticipate the future movement of different markets over next 5 to 10 years. If we see the movement of 6 markets, we can have some insights. Among the 6, Germany (DAX- purple) and India (NIFTY50 - red) look like being in the middle zone of the direction of movement since 1991. Hong Kong (HSI - green ) came down gradually from around early 2018 to 2022, now looks at a fair level (may fall further to form a bottom). USA(DJI - blue ) has recently started falling after forming a sharp peak, I am expecting a fall probably to 27500 levels or may go to 22000. India (Nifty50 - red ) looks bullish for long term but may see a pullback to 15000 levels or even to 12000 levels in coming years. UK (UKX - yellow) looks sideways and lacks long term strength as evident in the economy in recent times for United Kingdom. France (CAC40-brown) looks sideways from a long term perspective. Germany(Dax-purple) looks the most balanced in terms of bear and bull phases. Overall it looks like the bear phase has started for most markets and it may take several years for healthy bull phase to be back.
NSE:NIFTYShort
by mkmunir3