DOW JONES
INDUSTRIAL AVERAGE
Open—49081.73--High—49717.98—Low—49066.56—Close—49447.43 on 17.4.2026.
Support:49421.69/49093.02/48883.73/48830.39/48781.09/48731.46/48720.54/48463.73/48422.44/48133.54/48040.64/47853.04/47638.25/47462.94/47423.55/47272.21/47049.64/46718.42/46495.62/45785.17/45734.77/45458.53/44948.16/44585.36/44160.32/43885.52/43762.31/43340.68/42938.87/41991.99/41647.30/41363.95/40661.77/39994.24/39868/38499.27/38305.85/38000/37830.64/37754/37611/37073/36615.88.
Resistance:49607/49646.60/49800.82/49897.31/50219.18/50512.79/51876/51997/52597/53240/53884.
It made an all-time high of 50512.79 on 10.2.2026
and thereafter corrected and finally made bottom on 30.3.2026 at 45057.28
and since then it has been vertically rising and had a cumulative rise of more
than 4650 points in the last 14 days. Technically it is looks good
for the continuation of the up-move but the vertical rise has also made it
highly vulnerable for correction, therefore it is suggested to be alert and
cautious at this juncture because it could correct any moment. However please
note that as long as it holds 49421.69
& 48888.73 on the closing basis then the chances of a continued up-move
will be alive and it could retest its all-time high of 50512.79 or may go beyond it also, but break & sustained close
below it will be an alert sign for going down and finally break & sustained
close below 48105.98 & 48063.29 may
trigger fresh fall and it may witness an accelerated down move.
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.
Disclaimer:- I am not a SEBI registered technical
analyst. The view expressed here are solely of the author and purely for the
academic and educational purpose. This is in no way a trading or investment
advice.
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.