DOW JONES
INDUSTRIAL AVERAGE
Open—49439.58--High—49743.98—Low—49084.35—Close—49500.93 on 13.2.2026.
Support:48883.73/48830.39/48463.73/48428.13/47853.04/47849.48/47462.94/47272.21/47124.01/47049.64/46856.32/46495.62/45781.18/45734.77/45667.42/45458.53/45073.63/44948.16/44585.36/43885.52/43762.31/43340.68/43325.09/43115.69/42938.87/42173.26/41991.99/41864.37
Resistance:49607/49646.60/49849.72/49901.61/50219.18/50512.79.
It is in the long term
uptrend and the overall technical setup still looks good for the continuation
of up-move, but it is into correction mode and below multiple breakout tops,
which is slightly concerning. So if it moves above the breakout tops range of 49607---49647 it will gain strength to
extend the up-move and if it moves above 49885.16
& 50020.81 then it will get out of corrective mode and may resume the strong
up-move again and may retest its all-time high of 50512.79 or may go beyond it also, else it may drift down further
and get into deeper correction.
Similarly moving down its most important support points for
the year—2026 are 48883.73---48105.98 & 48063.29,
please note that to keep the hope alive of a continued up-move in the year-2026 it has to sustain above these
points, else it may weaken and witness fall, break & sustained close below 48883.73 will be an extreme alert sign
for going down and finally break & sustained close below 48105.98 & 48063.29 may trigger an accelerated
fall.
The few important technical indicators are giving mixed
signals therefore it can swings both ways at time with a slight tilt towards
upside as of now but can switch side fast because volatility is a concern. So
be alert and watchful.
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.
No comments:
Post a Comment
Thank you for sharing your views.