DOW JONES
INDUSTRIAL AVERAGE
Open—49228.14---High—49265.46—Low—48963.05—Close—49098.71 on 23.1.2026.
All-Time High:--49633.35 made on
12.1.2026.
The overall technical setup looks good for the continuation
of up-move, but it is made multiple tops in the range of 49607.29----49633.35 in the last few days, therefore if it does not
cross this range in a shortest possible time then it may head down and can
trigger correction. But it is important to mention here that to keep the strong
up-momentum on in the year-2026 it
has to sustain above 48883.73 on the
closing basis and to keep the hope alive for the continuation of the up-move it
has to sustain above 48105.98 &
48063.29 on the closing basis, please note that break & sustained close
below 48883.73 will be an alert sign
for long trade and finally break & sustained close below 48105.98 & 48063.29 will trigger
fresh fall and it may witness an accelerated down move.
Please note that the range for the week is between 49607.24---48428.13 it may oscillate in
this range during the week, but breakout on the either side will decide the
further direction, but please keep the yearly important figures mentioned in
the above paragraph in the mind for a broader view.
Although technical setup still looks good for a continued
up-move, but few important technical indicators speaks otherwise and indicates
that it is in the overbought zone, with negative divergence and certain
negative signal therefore it is giving mixed signals at this point of time and
can swings both ways at times. The bias is still up but with caution because of
technical indicators placement. Last but not the least please keep a watch on
the price-action for a potential weakness in it. In view of the above
observation it is suggested to be extremely cautious and alert in your trades
during the week.
NOTE: - It is a technical assessment
of the indices as of now, the technical interpretation changes with the price
movement and time; therefore it needs periodic review, which may please be noted.
This is for educational purpose.
Disclaimer:-The view expressed here is solely of the author and for
educational purpose and he is not at all responsible in any way for the outcome
of the trade you enter based on the above view.
Kindly
note that make your cost your stop loss in favorable trade
and then trail it as the price move up/down to gain maximum profit and avoid
losses. Use support and resistance levels as entry, exit, target and trailing
stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated here are of spot
market.
Contact me for strategic guidance
to enter and exit trade.
Thanks
Narendra
Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.