Why Dow Jones could come to 42580**Simplified Summary: Dow Jones Outlook for March 2025**
📉 **Current Situation (Feb 28, 2025):**
The Dow Jones is at **43,194**, down slightly (-0.16%). It’s hovering near a key support level at **42,558**, which acts like a "safety net" for prices. If this level breaks, the Dow could drop further.
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🔍 **What to Watch:**
1. **Critical Level (42,558):**
- If the Dow closes *below* this level (with heavy trading volume), it could fall toward **42,000–42,580** by mid-March.
- If it *holds*, prices might bounce back up toward **44,000–45,000**.
2. **Recent Trends:**
- The Dow has been making *lower highs* (peaks are getting weaker), suggesting buyers are losing momentum.
- Trading activity (volume) is mixed—big spikes near support levels mean traders are closely watching these zones.
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🎯 **Possible Scenarios:**
- **Bearish (Downside):** Breaking below **42,558** could signal a drop to **42,580 or lower**.
- **Bullish (Upside):** A rebound from **42,558** could spark a rally if buyers step in.
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⚠️ **Key Risks:**
- **External Factors:** News about interest rates, company earnings, or global events (like trade tensions) could override technical signals.
- **Market Sentiment:** Fear or excitement among investors can push prices up or down quickly.
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**Bottom Line:**
The next few weeks depend on whether the Dow holds above **42,558**. If it breaks lower, **42,580 is a likely target**.
Trend Analysis
USOIL Trade Idea (Zones) for Friday session 28-02-25After studying USOIL at higher TF and watching it's closing price i think 70.106 - 70.634 is No-trade zone for USOIL due to it's complexity at higher timeframe , i've also drawn a zone which can push price to downward direction which is represesnted by orange color in the chart if price sustained above this level then it can go to it's next resistance zone of 76.500 - 76.600 but here SL should be below the zone which is 70.106 and the zone itself is mutual in multiple timeframe so be cautious to trade in this zone and use manage Quantity , and for alternative scenario if price goes below 70.106 and sustained then we can see then 69.150 level because it was the last swing created and below it other levels are also mentioned in the chart , look for reversal and continuation pattern to enter in trade .
This is my view on Nifty 50 on monthly chart. This is my view on Nifty 50 on monthly chart.
I feel we were in a long bullish run since 2000.
*with the burst of Dotcom bubble, a new bullish wave started.
*It had its first retracement in 2008 and then that to break the highs it took almost 5 years, but it was broken in 2013.
* There was bullish move till 2019 which was 1.6 extension level and market went sideways at that.
* Even with the panic of COVID pandemic, market fell just to retrace from perfect support level of 1 and then went above till 2.6 extension.
* Market was sideways for a year almost on 2.6 level after which a big bullish wave came up.
* Last leg of bullish move was full of grid and panic of buying, yet market toped at level of 4.2 extension.
* Now it might have completed first leg of correction till 3.6, but further downside till 16000 could come in Nifty which could be depth of correction on higher level.
This could be wrong, but still provide your views.
Nifty Elliot wave view on long termThis is my view on Nifty 50 on monthly chart.
I feel we were in a long bullish run since 2000.
*with the burst of Dotcom bubble, a new bullish wave started.
*It had its first retracement in 2008 and then that to break the highs it took almost 5 years, but it was broken in 2013.
* There was bullish move till 2019 which was 1.6 extension level and market went sideways at that.
* Even with the panic of COVID pandemic, market fell just to retrace from perfect support level of 1 and then went above till 2.6 extension.
* Market was sideways for a year almost on 2.6 level after which a big bullish wave came up.
* Last leg of bullish move was full of grid and panic of buying, yet market toped at level of 4.2 extension.
* Now it might have completed first leg of correction till 3.6, but further downside till 16000 could come in Nifty which could be depth of correction on higher level.
This could be wrong, but still provide your views.
No More Down Side Left In Nifty 50 IndexThe Nifty Index, also known as the Nifty 50, is a stock market index representing 50 of the largest and most liquid companies listed on the National Stock Exchange (NSE) of India. It is one of the primary benchmarks for the Indian stock market and is widely used by investors to gauge the performance of the Indian equity market.
The Nifty 50 includes companies from various sectors, such as financial services, IT, energy, consumer goods, and more. The index is calculated using a free-float market capitalization weighted methodology, meaning that the weight of each company in the index is proportional to its market capitalization, adjusted for the shares available for trading.
It serves as a key indicator for the Indian economy and is often used for investment purposes, including the creation of exchange-traded funds (ETFs) and index funds.Volume Profile is a technical analysis tool that displays the distribution of trading volume at different price levels over a specific period. Unlike traditional volume analysis, which shows the total volume traded over a set period of time, the volume profile focuses on price levels, offering a more detailed view of where most of the trading activity occurred.
Here’s how the Volume Profile works and what it represents:
Key Components:
1. Price Levels: The horizontal axis represents price levels rather than time, and the vertical axis shows the volume traded at those levels.
2. Volume Bars: Volume is plotted as horizontal bars that extend across the price scale. These bars indicate the amount of trading activity at each price level.
3. Point of Control (POC): This is the price level with the highest traded volume during the specified period. It often acts as an area of high interest for traders and may indicate a fair value price.
4. Value Area (VA): This includes the price levels where a specified percentage (typically 70%) of the total volume traded during the period occurred. The Value Area can give traders an idea of the price range where the majority of transactions took place, which is considered significant for support and resistance levels.
5. High/Low Volume Nodes: High-volume nodes (or areas) show price levels where a significant amount of trading occurred, often acting as areas of support or resistance. Low-volume nodes are price areas with less trading activity, which can be areas of potential price breakouts.
Uses of Volume Profile:
1. Support and Resistance: The POC and the Value Area are critical in identifying key support and resistance zones. Traders often watch for price reactions around these levels.2. Trend Confirmation: Volume Profile helps confirm trends. If the price moves toward a high-volume area and consolidates, it can signal strong support or resistance. Conversely, a low-volume area may indicate weak support or resistance and potential breakout zones.
3. Market Sentiment: Volume Profile can reveal where the market is most interested in trading, providing insights into the market's perceived value of a security at different price levels.
4. Breakouts and Reversals: Traders use Volume Profile to spot potential breakouts from low-volume zones or reversals at high-volume levels, providing actionable trade signals.
Overall, Volume Profile is a powerful tool for understanding market structure and price action in a more detailed and context-driven manner.
Bank Nifty spot 48344.70 by the Daily Chart viewJust sharing an update in continuation over the last week Bank Nifty Index chart data reading.
Bank Nifty spot 48344.70 by the Daily Chart view
- Support Zone 47850 to 48075 Index Band is still sustained
- Bullish "W" Double Bottom has been formed at Support Zone Index Band.
- Do we expect another Rounding Bottom from the Support Zone or a Breakdown is on the cards ????
Bitcoin sell given at 95500 huge downside Target hit now buy 80kHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking 2nd D 21.4%
Targets :
Target T1 : 28.3% ( early trade if entry at 11.4% )
Target T1 : 35.1% to 38.2%
Target T3 : 49.1% to 53.2%
T3: 61.8% to 65.1% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point D ( 0% ) .
Target is same as early 21.4% , 28.3 , 35.1 and so on
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Silver sell given to everyone 96800, 90950-90800 final Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking 2nd D 21.4%
Targets :
Target T1 : 28.3% ( early trade if entry at 11.4% )
Target T1 : 35.1% to 38.2%
Target T3 : 49.1% to 53.2%
T3: 61.8% to 65.1% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point D ( 0% ) .
Target is same as early 21.4% , 28.3 , 35.1 and so on
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold mcx sell given to everyone at 85800,83150 downside Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking 2nd D 21.4%
Targets :
Target T1 : 28.3% ( early trade if entry at 11.4% )
Target T1 : 35.1% to 38.2%
Target T3 : 49.1% to 53.2%
T3: 61.8% to 65.1% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point D ( 0% ) .
Target is same as early 21.4% , 28.3 , 35.1 and so on
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold daily chart levels, holding sell from 2915 ,2740 Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking 2nd D 21.4%
Targets :
Target T1 : 28.3% ( early trade if entry at 11.4% )
Target T1 : 35.1% to 38.2%
Target T3 : 49.1% to 53.2%
T3: 61.8% to 65.1% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point D ( 0% ) .
Target is same as early 21.4% , 28.3 , 35.1 and so on
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gift nifty operator Played game made bottom Target 22500,22730 How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking 2nd D 21.4%
Targets :
Target T1 : 28.3% ( early trade if entry at 11.4% )
Target T1 : 35.1% to 38.2%
Target T3 : 49.1% to 53.2%
T3: 61.8% to 65.1% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point D ( 0% ) .
Target is same as early 21.4% , 28.3 , 35.1 and so on
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
BANKNIFTY WEEKLY ANALYSIS1. Trend & Price Channel
The price is in a clear downtrend, forming lower highs and lower lows within a descending price channel (marked by blue parallel lines). The midline (dashed blue line) is acting as a dynamic resistance/support within the channel.
2. Breakdown from Critical Support
Recent Price Action: The price is currently trading below the lower boundary of the descending channel. This indicates a potential acceleration of the downtrend unless a strong support level holds. Weekly Breakout Level - 48,775.65,
Key level to watch—price has broken below this critical support, turning it into resistance.
If the price fails to reclaim this level, it could lead to further downside.
3. Key Support & Resistance Levels
Resistance Levels (Red) 50,616.30 (Strong Weekly Resistance)
This is a major resistance level and a key upside target for bulls.
49,372.50 – 49,600.00 (Weekly Resistance Zone)
Acts as an intermediate resistance; price needs to break above this for a trend reversal.
Support Levels (Green) 48,344.70 (Current Market Price - Weak Support)
If this level fails, expect further declines.
47,594.40 (Weekly Support Zone)
Stronger support level, potential bounce area.
46,921.45 (Strong Weekly Support)
Key downside target in case of continued selling pressure.
4. Possible Scenarios
Bearish Case: Price remains below 48,775.65 (breakout level) → More downside expected.
Bullish Case: Price reclaims 48,775.65, confirming a false breakdown. If these break, expect a test of 50,616.30 (major resistance).
Bajaj Finance: Defying Market Correction with Potential BreakoutTopic Statement:
Bajaj Finance has remained strong despite the broader market correction, and a breakout above its key resistance level could trigger a new rally.
Key points:
1. The stock continues to move upward despite the market correction.
2. The price is approaching a critical resistance level at 8,200.
3. A breakout from this triple-top resistance could lead to further upside momentum.
Nifty 50 spot 22124.70 by the Daily Chart viewJust sharing an update in continuation over the last week Nifty 50 Index chart data reading.
Nifty 50 spot 22124.70 by the Daily Chart view
- Next Support Zone at 21485 to 21710 Level
- Gap Down Openings of 24-Feb-2025 and 28-Feb-2025 would need to be closed
NIFTY50 FOR COMMING WEEKDetailed Analysis:
1. Downtrend & Price Channel : The chart clearly shows a descending price channel (marked with blue parallel lines), indicating a bearish trend. The price has mostly respected the upper and lower boundaries of the channel, bouncing between resistance and support. The midline (dashed blue) acts as a dynamic support/resistance level within the channel.
2. Recent Breakdown : The price has recently broken below the lower boundary of the descending channel. This could indicate an acceleration of the downtrend unless it finds strong support at the nearby levels. A sharp red candle confirms the breakdown, showing increased selling pressure.
3. Key Levels:
Weekly Resistance Levels (Red Lines):
22,798.80 (Major resistance level)
23,250.60 & 23,400.00 (Strong resistance zones)
Weekly Breakout Level (Black Line):
22,553.65 (Previously a support level, now a resistance)
Current Market Price:
22,124.70 (Marked in red, down -1.86%)
Weekly Support Levels (Green Lines):
21,903.45 (Weak support)
21,500.00 - 21,431.40 (Stronger support zone)
21,125.60 (Major support level)
4. Key Observations: Price broke down from the channel, signaling weakness. The black level (22,553.65) is a key breakout point; price failing to reclaim it could mean further downside.
If the price doesn't hold 22,124.70, it may test 21,903.45, followed by 21,500. A bullish reversal could only happen if the price reclaims the breakout level and moves above 22,798.80.
5. Possible Scenarios:
Bearish Case: If selling continues, expect a test of 21,903.45, followed by deeper supports at 21,500.00 - 21,125.60.
Bullish Case: If the price rebounds and breaks above 22,553.65, it could move toward 22,798.80 and higher.