For the week 20-24 July Bullish above 26728 Bearish Below 26447 View Likely to be consolidation mode May flare up on any Stimulus Package move. Corona Pandemic 2nd wave can keep bulls incheck. This study is in context with the monthly view on Dow in the attached chart below. Like ... Share... Follow... Stay Tuned...
Possible reversal zone marked on the chart
Last Close : 10854.8 For the week 13-17 July 2020 Any pull back near 10661 will be bought into. Targets for bulls i have marked in the chart. Below 10538... Bears will be in control Will review this again in the next week. Like... Share.. Follow... Stay tuned.
Till it sustains above 232 all good for bulls.. Below 232 bulls may loose some steam for short term..
If sustains and close above 3084 tehn 3200+ very much possible.... Levels on charts..
Breakout above 78 will take the script to 85 and above
Bullish moving to 724 and above..
765 to 794 Braking wither side will decide teh trend...
Intraday in downtrend... every rise sell... On the4 upside 26702 & 26281 strong resistance.... Probable targets... 25726/25696/25642 ....
26509 Strong resistance.... Reversed from 26480 levels .... Sustaining below 26320 levels..... will take dow to 25940 levels..... Breaching 25940 levels next level to watch for is 25760...
Observations : Bank Index on fire.... ICICIBANK : Rallied from 320 levels to 360 levels.... CMP 363.80 Bullish above 366 breakout... for targets 375+ Bearish below 358 for targets 351.5 / 347
Probably a very range bound movement expected........... The chart says it all........
27450 now becomes strong support Seems DOW HEADING TO 28100+ 27250 levels are now strong support zone
Bullish any pull back to 39.5 will be bought into with a Stop of Below 38.. Upside we will soon see 43 and 45 levels
Multiple bottoms @ 24150- 24160 levels ---- suggest good support at these levels Above 24660 More Bullishness..