Is DJI started its downtrend journey?Is DJI started its downtrend journey? I think it's too early to say this because right now DJI is trading in the consolidation zone.
On the upside major resistance @ 22350-23350 and the downside major support @ 15800-16100. Between these two major resistance and support zone, there is also a consolidation zone @ 17000-22500.
I am not accepting V shape recovery in DJI. May be DJI will start it's the downtrend on higher time frem or it will be in a consolidation zone for a long time.
www.tradingview.com
www.tradingview.com
Demandandsupplyzones
NIFTY INDEX VIEWNIFTY TRADE
STUDY IS BASED ON SPOT RATE
PLEASE ADJUST FOR FUTURE LEVELS
CONDITION:-
INDEX SHOULD CLOSE ABOVE 20-DMA @11111
A CLOSE ABOVE 1140 IS NEED FOR CLOSING ABOVE SUPPLY ZONE
RESULT:-
IF THE ABOVE CONDITIONS ARE MET NIFTY WILL TEST LEVELS OF 11255-11332-11358
NIFTY WEEKLY VIEW WILL BE POSTED ON FRIDAY
Holding 416/417 very strongly in falling market.Nifty went down significantly but Relcap held it's ground compared to other stocks which fell more than 1%. if Nifty stays long one can buy at levels closed to 417 with a small stop loss.. or short below 416.