Dow Jones has a resistance at 23850 - 24100 month long rangeDow Jones has a resistance barrier of 23850 - 24100 range. This range has been important for the past one month. It has to sustain over it for a few days to enter clear uptrend.
D-DJI
Nifty will negitive but don't be greedy !It's my view I can analisys but I would like to give real advice by the way it's hard to make in phone...
But yeh nifty and bnf will go down
Why : DJi just gone -300 pts .
DJI will face stiff resistance around 25200Looks like it will be a quite tough to break 25200 levels
DOW HAS STARTED ITS FINAL JOURNEY TO UP DIRECTION SEE HOW!! UPSIDE JOURNEY OF DOW JONES STARTED TODAY
1. DOW MADE UPPER END OF RED CHANNEL IN FIG. FEW DAYS BACK. BUT IT WAS SEARCHING THE LOWER END OF CHANNEL WITH PERFECT ANGLE . TODAY THE LOWER END IS FORMED. LOCAL DISTIBUTION IS GOING ON. VERY SOON JOURNEY FROM CHANNEL END TO WHITE ZONE OR UPPER END OF CHANNEL WILL BE COMPLETED.
2. AS YOU ALL KNOW STOCK MARKET IS GAME OF PROBABILITY SO ITS LANGAUGE IS CONSIST OF CONDITION (IF) THAT YOU SHOULD KEEP IN YOUR MIND. A BLUE COLOR LINE IS GIVEN THAT IS SUPPORT IF BREACHED THEN LONG SENTIMENTS WILL CHANGE TO SHORTS.
3. THE LONG STRUCTURE WILL DISTORT AND CONVERT INTO SHORTS. ONE WHO IS ABLE TO SWITCH ONE'S SENTIMENTS AT RIGHT TIME BECOMES WINNER OF TRADING.
4. THIS WOULD BE THE FINAL UP JOURNEY. AFTER THIS LEG DOW WILL RESUME ITS INTERMIDIATE TREND .
5. LEARNERS SHOULD UNDERSTAND THE FORMATION OF CHANNEL. IT IS ALWAYS NOT ESSENTIAL TO FIND CHANNEL FROM LOWER BAND. SOMETIMES LOWER IS FORMED LATER.
REST MARKET WILL DECIDE.
YOGESH VATS
DJI is trading in the Consolidation ZoneDJI trading in the Consolidation Zone. There is a demand zone @ 23450-23700 and 22650-22950 is a short turm major demand zone on the downside.
If it will sustain manage to sustain above 23450-23700 then there is a maximum possibility that it may break this Consolidation Zone on the upside and test its next major supply zone @ 24650-25000.
Projection clearly show you direction for DJIPast worked:
If you want deep analysis on DJI, then say me in comment. I will work for you from tomorrow.
DJI @ Major Supply ZoneDJI closed @ 22645.
On the upper side, there is a major demand zone @ 22600-23250. We may see higher levels if it will sustain above this major supply zone.
Important level for DJI 21518suppose to sustain above 21494, price push more up 300-400 point s on DJIA.
Valid R 21518
=> There's still a chance to push price 20532 and 20415 if the price is trading below 21518 .
Exactly resistance was taken as yesterday predicted.
DJI is near resistance...danger if remains below 21600DJI is near resistance...danger if remains below 21600. lets see where it closes. Down cycle is again started and it will not broken unless resistance is breached
DJIA, Gap(-661p) down adn Resistance 21518
R 21518
Below this level target is 21094(breakdonw) , suppose breakdown this level will push price 20532 and 20415 .
Recent, GAP was almost 661 points which is -ve for DJIA.
If suppose price close above 21518 will push price upward. (low chance)
SHORT SIGNAL ACTIVATED - DJI ( DOW JONES INDUSTRIAL) *A very strong Resistance @ 21200 which made a strong reverse pull candlestick to touch previous day close even surpassing the gap.
*A well suited ABCD pattern which is supporting our decision.
DJI trading very near to its major demand zonesDJI trading very near to its major demand zones on both weekly and monthly charts. Yesterday DJI closed in its major demand zone @ 18800-19300 on the Monthly chart. Next week if it will sustain below this zone then it may test its minor demand zone @ 18000-18500 and in the worst case, it may test its major demand zone @ 17000-17500. Due to the volatility, these zones levels may extend up to + or - 500 points.
Dow Jones (DJI) weekly chart study - Megaphone (Broadening top)Dow Jones (DJI) weekly chart study - Megaphone (Broadening top)
dow jones if broken below 1000 more points coming in a hurrydow jones if broken below 1000 more points coming in a hurry and many more till the trend is safe
Expecting a bottom in Dow / DJI between 22100 -22800 levelsExpecting a bottom in Dow / DJI between 22100 -22800 levels. Trend lines indicate probability of these levels.
Dow Jones DJI making a 61.8% retracement. Bounce on the cardsDow Jones DJI making a 61.8% retracement. Expecting a bounce very soon.
Short the dow with a stop just above 29150 for great R:R trade.This is a very strong resistance right above us. Can short the down here with a 100 point stop looking for a 500 point gain. With a 1:5 rr its a good low risk opportunity.
