Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250
Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980
Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come
Selling below 11980...
Its one scenario that I have been looking for. Also anticipated that down move from top before it happened and now if it follows my structure then we will see the all time low in history. I don't know how it will look like then but its gonna worst situation we ever seen. I hope we all gonna survive this.
Dow Jones long term possibilty.................... Might be we r forming an expanding triangle structure in Wave 4 of Cycle degree Wave 5. Expecting this triangle to play out till nxt year followed by a final bull run of 3-4 yrs, before the Big Crash !!!
The Dow plunged to its biggest-one day percentage loss since October 1987 as fears the spread of the novel corona virus will pick up pace and usher in a global recession.
Level has been mentioned.
Recovery duration 18 monts.
Disclaimer: Buy Sell is your choice. No Recommendation.
Plan A -
Sell in 12275 - 12295 strictly only for 12000 / 11900 / 11800 / 11700 / 11500
Method - Bearish Butterfly Harmonic Pattern / Channel Top
Dow Jones Industrial Average Chart
Plan B -
Buy Only above 12350 -If holds that means if goes above 12350 & falls...
The DJIA is all set to make new High. Ascending triangle pattern in formation.
espite so many loopholes in economy the global markets are all making new highs, lets see how long will this go on. Nifty PE around 27.47
Dow Jones is comfortable above 26000 which was a key level. The was gap up has happened in the last session is the indication of strength. It is now above 50 EMA which is another sign of strength. With RSI above 52, we are in bull phase as of now. Next resistance expected around 26700.
After Dow Jones Fell 800pts after recession warning in American markets when the 10yr yield curve falls below 2 year yield curve, Nifty might also show some good downfall movements as some parts of Indian Economy is governed by the American Markets, These are the key levels of NIFTY that you should watch for, NIFTY50 UPPER B reakout is placed at 11080 followed by...