Currently at 26635 Can climb to 26744
Fibonacci retracement - now detected in DOW hourly chart.
A quick view on the levels to watch out for on the Dow in the coming week
Go long the DJI at cmp 20685 with an sl at 20607 for target 20992+ in the next 2-3 trading sessions.
HDFC is at very crucial level, as below this level their is no major support till 1319 , 1280, It has also formed a bearish bat pattern...
BankNifty is in Euphoria Mode, i have been bearish on banknifty since 19200 but it has rallied almost 5% since then, i still think it is Working on Greater Fool Theory, Fundamentals are still bad and it is giving some signals for weakness in technicals also, it is making Harmonic Three Drive Pattern with rising wedge, any bad news will trigger a big selloff, same...
Will Dow Jones witness short term reversal? *Marubozu Candlestick * Overbought RSI
Short term top seems to be in the offing. Whats in store in Yellens speech on Friday?