AN IMPORTANT NOTE ON DOW JONES INDUSTRIAL AVERAGE –1.4.2026

 

DOW JONES INDUSTRIAL AVERAGE

Further to my last post on 30.3.2026, you are aware that the overall technical setup is weak and it is into deep correction mode and most importantly long term uptrend is potentially threatened, so all together it is showing extreme weakness and may be heading for further fall in coming days. However to keep the hope alive for moving up in the month of April—2026 it has to sustain above 46396.12---46341.51---45057.28 on the closing basis, else it may starts to drift down again.

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –30.3.2026

 

DOW JONES INDUSTRIAL AVERAGE

Open—45790.55--High—45801.61—Low—45063.33—Close—45166.64 on 27.3.2026.

Support: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:45458.53/45734.77/45785.17/46495.62/46718.42/47049.64/47272.21/47423.55/47462.94/47638.25/47853.04/48040.64/48133.54/48422.44/48463.73/48720.54/48731.46/48781.09/48830.39/48883.73/49093.02/49607/49646.60/49800.82/49897.31/50219.18/50512.79.

Further to my last post on 9.3.2026, the overall technical setup has further weakened and it is into deep correction mode and most importantly long term uptrend is potentially threatened, so all together it is showing extreme weakness and may be heading for further fall in coming days. Moving down it has the following support range or points and it may take support at any of this range or point and may bounce back from there, but break & sustained close below each range or point can drag it down to the next range or point.

1.   44948----43194.  Break & sustained close below this range may trigger fresh fall.

2.   42500----41400.

3.   40410.                BEAR MARKET THRESHOLD POINT. 

4.   40200----39600.

5.   39400----38400.

6.   36615.88.           Break & sustained closed below it may accelerate the fall.   

Similarly moving up it will face stiff resistance, but if it moves above the range of 45740---46500 it may gain a foothold for moving up further. But to gain good foothold and strength to extend the up-move further it has to move above 47853---48063.29---48105.98---48429---48883.73 , it will go from strength to strength if it moves above each point and sustain on the closing basis, else it may stay weak and drift down.  

It is important to mention here that that majority of some important technical indicators are weak on the daily, weekly & monthly chart; therefore further fall in coming days, weeks & months looks inevitable at this point of time may be with-in- between short relief rallies. So be alert and watchful particularly in long trades.

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –9.3.2026

 

DOW JONES INDUSTRIAL AVERAGE

Open—47634.55--High—47634.55—Low—47009.01—Close—47501.55 on 6.3.2026.

Support:47462.94/47272.21/47049.64/46495.62/45785.17/45734.77/45458.53/44948.16/44585.36/44160.32/43885.52/43762.31/43340.68/42938.87/41991.99/41647.30/41363.95/40661.77/39994.24/39868/38499.27.

Resistance:47638.25/47853.04/48040.64/48133.54/48422.44/48463.73/48731.46/48781.09/48830.39/48883.73/49093.02/49607/49646.60/49800.82/49897.31/50219.18/50512.79.

Further to my last post on 16.2.2026, please note that the technical setup has weakened and it is in the correction mode now and long term uptrend is also threatened, furthermore please note that to keep the up-momentum alive & going in the year—2026 it has to sustain above its key point of 48063.29---48105.98 & 48883.73, but it is way below it now and if it does not bounce back above these points in a shortest possible time then the downslide may deepen. Moving down further its broad support points could be 47399---46926---46664---46482(for in between support see the support table on the upside), it may bounce back from any of these points but break & sustained close below 46482 can drag it down to 45475 or lower, which may please be noted.

Similarly moving up its broad resistance points are at 47850---48063.29---48105.98----48883.73----49323.94----49607----49647(for in between resistance see the resistance table on the upside), it may correct at any of these points then may resume the up-move again or may halt it for a while, but if it moves above 47850 and sustain on the closing basis then the long term threat will dissipate and it may get good strength to move up further, if it moves above 48063.29 & 48105.98 and sustain on the closing basis then it will raise strong hope for a continued up-move in the year-2026, if it moves above 48883.73 and sustain on the closing basis then it may get back into strong up momentum track again but it may witness an accelerated up-move only once it moves above the range of 49607----49647 and sustain on the closing basis.

Its long term uptrend is threatened now and it is correction mode also, therefore likely to go down further, so watch out for next few days how correction culminates and also keeps a watch on the price action for proper direction.

It is important to mention here that that majority of some important technical indicators are weak on the daily, weekly & monthly chart; therefore further fall in coming days, weeks & months looks inevitable at this point of time may be with-in- between short relief rallies. So be alert and watchful particularly in long trades.

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –16.2.2026

 

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A BRIEF TECHNICAL NOTE ON DOW JONES INDUSTRIAL AVERAGE – FOR THE WEEK STARTING FROM—26.1.2026---30.1.2026

 

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –1.12.2025

 

DOW JONES INDUSTRIAL AVERAGE

Open—47482.25--High—47750.77—Low—47475.61—Close—47716.42 on 28.11.2025.

Support: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:48040.64/48422.44/48428/48641/48814/48995/49094/49154/49200/49303/49449/49586/49624/49766/50083/20266/50301/50438.

The overall technical setup is good for the continuation of up-move, but it is still into correction mode and if it moves above 47722.96 and sustain on the closing basis then it will get out of corrective mode and may continue the up-move, else it may start to drift down. Please note that moving up its critical resistance points could be at 47788.15---47884.91, it may correct at these points and then may resume the up move again or halt the up-move for a while, but if it moves above 47884.91 and sustain on the closing basis then it is likely to retest its all-time high of 48422.44 or may go beyond it also. 

Similarly moving down its broad support points could be at 47516.89---47395.75---47078.61---46761.46—46369.06(for in between support points please see the support table on the upside) it can bounce back from any of these points and may resume the up-move again but if it moves below 46369.06 and sustain on the closing basis then it may trigger fresh fall and then it come down to the range of 45734.77---45636.09---45458.53—45352.78, which is a strong bounce back range but break and sustained close below the range may witness an accelerated fall.

The few important technical indicators are giving mixed signals therefore it can swings both ways at time with a strong 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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –14.4.2025

 

DOW JONES INDUSTRIAL AVERAGE

Open—39493.42--High—40402.44—Low—39260.40—Close—40212.71 on 11.4.2025.

Support:39994.24/39905/39889/39868/39809/39571.23//39282.28/38908.99/38499.27/38457.83/38305.85/38264.87/38000.90/37754.38/37611.56/37124.52/36952.65/36562.03/36058.90/35824/35679/34700.49/34006/33613/33271.93/32586/32327.70/31429.82.

Resistance:40297.33/40584.47/40661.77/40842.29/41195.64/41376/41433/41647.30/41831.74/41864.47/42051.39/42146.33/42174/42361.38/42628.32/42554.22/52660.09/42819.41/42938.87/43135.92/43325.09/43373.98/43885.52/44031.52/44104.48/44486.70/44630.43/44710.16/44769.05/44962.81/45054.36/45073.03.

It has filled the gap on 9.4.2025 which it created on 4.4.2025 the gap point was 40518.01 and the gap it created on 3.4.2025 (gap point is 41644.23) is still there, but the stipulated time to fill the gap has ended, therefore chances of filling the gap has receded for now, but please note that it will fill the gap one day for sure. It is exhibiting huge volatility which is not a good sign for a steady market, which may please be noted.

Technically it is still on a very weak footing now, as it is into deep correction mode and most importantly long term uptrend is severely threatened and in jeopardy, as it is way below all its long term moving averages on the daily chart as of now, therefore further fall looks inevitable in coming times with in between short relief rallies. However, if it manages to hold the point of 38608.78 & 38076.78 then the up-move can extend further; else it may start the down move again. Moving down further its good support points or range could be at 37808----37278---37124.52----36877---36658---36413---36207---36058.90 (some figure may change), it may bounce from any of these points because it is a strong bounce back range, but break & sustained close below 37124 may trigger fresh fall and it may witness an accelerated fall and finally break & sustained close below 36058.90 will push it into confirmed bear market territory and if it stays below it for a longer period of time then correction or the down move could be very painful time-wise & price-wise both, which may please be noted. Therefore moving down 37124 & 36058.90 is a very crucial or make or break support point.

Similarly if it moves above 40661.77 and sustain on the closing basis then there could be an extension of the up-move and if it moves above 41578---41841---41879---42065(figure may change) and sustain on the closing basis, it may gain a good foothold and may extend the rally further, but looking at the present technical setup chances of a strong and continued up-move looks bleak at this point of time.    The overall bias is negative as of now.

Furthermore, it is important to mention here that as of now almost all the important technical indicators are weak on the daily, weekly & monthly chart. Therefore in totality further fall looks inevitable as of now and it may seek much lower levels in coming times may be with short in between relief rallies.

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:-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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –7.4.2025

 

DOW JONES INDUSTRIAL AVERAGE

Open—40097.90--High—40097.90—Low—38264.87—Close—38314.86 on 4.4.2025.

Support:38305.85/38264.87/38000.90/37754.38/37611.56/37124.52/36952.65/36562.03/36058.90/35824/35679/34700.49/34006/33613/33271.93/32586/32327.70/31429.82.

Resistance:38457.83/38499.27/39618.20/38908.99/39277/39282.28/39571.23/39809/39868/39889/39905/39994.24/40297.33/40584.47/40661.77/40842.29/41195.64/41376/41433/41647.30/41831.74/41864.47/42051.39/42146.33/42174/42361.38/42628.32/42554.22/52660.09/42819.41/42938.87/43135.92/43325.09/43373.98/43885.52/44031.52/44104.48/44486.70/44630.43/44710.16/44769.05/44962.81/45054.36/45073.03.

It has been opening with a down gap for the last two days. Please note that if it makes an effort to fill the gap by 10^th & 11^th April-2025, which is technically possible then it can come up to 40518.01 & 41644.23 level, but if fails to fill the gap in the stipulated time then the chances of filling the gap will recede for the time being. But please note that it will fill the gap some day for sure.

Technically it is on a terribly weak footing now and into deep correction mode and most importantly long term uptrend is severely threatened and in jeopardy, as it is way below all its long term moving averages on the daily chart as of now, therefore further fall looks inevitable in coming times with in between short relief rallies. However, if it manages to hold the point of 38265 then it may stage a mild recovery but that may not last, and it may continue the down move again. Moving down further its good support points or range could be at 38000---37808---37611---37278---37124----36952---36652---36210---36058.90, it may bounce from any of these points because it is a strong bounce back range, but break & sustained close below 37124 may trigger fresh fall and it may witness an accelerated fall and finally break & sustained close below 36058.90 will push it into confirmed bear market territory and if it stays below it for a longer period of time then correction or the down move could be very painful time-wise & price-wise both, which may please be noted. Therefore 36058.90 is the crucial or make or break support point.

Similarly if it moves above 39340 & 39872 (figure will change and will be scaled down if it breaks the low of 38264.87) and sustain then a mild extension of recovery may happen, else down move will continue. The short, medium and long term bias is hugely negative as of now.

Furthermore, it is important to mention here that as of now almost all the important technical indicators are weak on the daily, weekly & monthly chart. Therefore in totality further fall looks inevitable as of now and it may seek much lower levels in coming times may be with short in between relief rallies.

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:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for educational purposes.

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –2.4.2025

 

DOW JONES INDUSTRIAL AVERAGE

Open—41879.75--High—42140.66—Low—41519—Close—41989.96on 1.4.2025.

Support:41864.47/41831.74/41647.30/41433/41376/41195.64/40842.29/40661.77/40584.47/40297.33/39994.24/39905/39889/39868/39809/39571.23/39282.28/39277/38908.99/39618.20/38499.27/38457.83/38305.85/38000.90/37754.38/37611.56/37124.52.

Resistance:42051.39/42146.33/42174/42361.38/42628.32/42554.22/52660.09/42819.41/42938.87/43135.92/43325.09/43373.98/43885.52/44031.52/44104.48/44486.70/44630.43/44710.16/44769.05/44962.81/45054.36/45073.03.

Technically it is on a very weak footing now and into correction mode and most importantly long term uptrend is also threatened as it is mostly below all its long term moving averages on the daily chart as of now, therefore further fall looks inevitable in coming times with in between short relief rallies. However if it manages to hold the point or range of 41879.73----41702.97----41647.30 then it may extend the up-move, but to keep the hope alive for a continued up-move in the year 2025 it has to move above 42544.22 & 42660.09 and sustain on the closing basis and then the broad upside target could be 42868----42939, and if it moves above 42939 and sustain on the closing basis then it will gain strong foothold and may get back on a strong up-momentum track again and  then the upside target could be 43385---43875---44033---44191, it can correct at any of these points or up-move can fizzle out for a while, but if it moves above 44191 and sustain on the closing basis then it could retest its all-time high of 45073.63 or may go beyond it also. The chances of it happening look slim at this point of time because the overall bias is negative as of now.

Similarly if it break and sustain below the aforesaid range of 41879.75---41702.97----41647.30 on the closing basis then it may trigger fresh fall and can drag it down to 40660 levels it could be a good bounce back point but break & sustained close below 40660 can take it down to the range of 39995----39814, and this is a strong bounce back range .but if it break & sustained below 39814 on the closing basis for a longer time period then it could come down to 38500 levels or lower. The short & medium term bias is negative and long term uptrend is threatened as of now.

Furthermore, it is important to mention here that as of now almost all the important technical indicators are weak on the daily, weekly & monthly chart. Therefore in totality further fall looks inevitable in coming times, provided it do not stage a sharp recovery and move above the critical points.

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:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for educational purposes.

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –24.2.2025

 

DOW JONES INDUSTRIAL AVERAGE

Open—43820.13--High—43956.32—Low—43349.83—Close—43428.02 on 21.2.2025.

Support:43373.98/43325.09/43114.79/42938.87/ 42660.09/42628.32/42544.22/42146.33/41864.47/41831.74/41647.30/41577.97/41376/41195.64/40584.47/40297.33/39994.24/39905/39868/39809/38908/38499.27.

Resistance:43885.52/44104.48/44431.78/44486.70/44630.43/44710.16/44769.05/44962.81/45054.36/45073.03.

It made an all-time high of 45073.63 on 4.12.2024 and then corrected and thereafter in the month of Jan-2025 last week it tried to cross this high but failed and now gotten into very normal correction mode, therefore likely to drift down further from here provided it does not move above the range of 44285.02—44301.52---44431.78 and sustain on the closing basis. Moving down from here it may broadly find support at 43360---43085---42938---42660---42544---42332---41864----41647, it may bounce back from any of these points, but break below each point will weaken it, break & sustained close below 42938 will push it into proper correction mode, break & sustained close below 42660 & 42544   will dampen the chances of a continued up-move in the year-2025, break & sustained close below 42332 can drag it down to 41647 and finally  break & sustained close below  41647 will push it into deep correction mode and if it sustain below it for a longer period then the correction could be very painful price-wise and time-wise both and may seek much lower levels in coming times, which may please be noted.

Furthermore, it is important to mention here that as of now almost all the important technical indicators are also giving weak signal on the daily, weekly & monthly chart. Therefore further fall looks inevitable in coming times.

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:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for educational purposes.

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –27.1.2025

 

DOW JONES INDUSTRIAL AVERAGE

Open—44533.75--High—44545.52—Low—44332.22—Close—44424.25 on 20.12.2024.

Support:44265.02/43927.85/43373.98/43325.09/43114.79/42938.87/42628.32/42544.22/42146.33/41864.47/41831.74/41647.30/41376/41195.64/40584.47/40297.33/39994.24/39905/39868/39809/38908/38499.27.

Resistance:44431.78/44486.70/44565.26/45073.03/45386/45519/45649/45946.55/46035/46300.

Technically it is on a strong footing but critically poised and the critical points now are 44431.78---44265.02---43927.85. Please note that if it moves above 44431.78 and sustain on the closing basis then it can retest its all-time high of 45073.03 or may go beyond it also and if it sustain above it on the closing basis then the upside target could be 45386—45519---45649---45946.55 or more, similarly if it break & sustain below 44265.02 on the closing basis then it will trigger correction again and break & sustained close below 43927.85 may accelerate the down move. It is important to mention here that although the chart setup is very good but it had a vertical rise from 41864.37 to 44565.26 in just 8 days and most importantly it is showing huge negative divergence on the weekly & monthly chart, therefore it seems highly vulnerable for correction at this juncture provided it does not move above 44431.78 and sustain on the closing basis. The short, medium & long trend is up as of now.

Please note that if it gets into correction and moves down sharply then the  most critical support points would be at 42938.87----42660.09----42544.22 & 41647.30, if it breaks & sustain below 42938.87 on the closing basis then down move  may extend, if it breaks & sustain below 42660.09 & 42544.22 on the closing basis then it will make the chances of a sustained up-move dim in the year 2025 and finally if it breaks & sustain below 41647.30 then it will get into deep correction and if it sustain below it for a longer period of time then the correction could be more painful price-wise & time-wise both and may seek much lower levels.  

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:-The view expressed here are solely of the author 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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –23.12.2024

 

DOW JONES INDUSTRIAL AVERAGE

Open—42296.26--High—43216.03—Low—42146.33—Close—42840.26 on 20.12.2024.

Support:42628.32/42146.33/41831.74/41647.30/41577.77/41376/40584.47/40297.33/39994.24/39905/39868/39809/38908/38499.27.

Resistance: 42938.87/43325.09/44486.70/44574.78/45073.63/45386/45519/45649/46035.

After making, an all-time high of 45073.63 on 4.12.2024 it corrected and still into correction mode, but if it manages to hold 42837.17(figure may change) and then moves above 42938.87 and sustain on the closing basis then the up-move can extend further and the possible upside target or resistance points could be at 43264---43610----43955.40---44382.80---44489. Please note that it may correct at any of these points and then may resume the up-move again or may end the up move for good also for a while. But if it moves above 44489 and sustain on the closing basis then it could retest its all-time high of 45073.63 or may go beyond it also.

Similarly break & sustained close below 42837.17(figure may change) may end the hope of an extended up-move and it may start to move down again. Please note that break & sustain close below 41647.30 will push into deep correction mode and then it may seek much lower levels.

It is important to mention here that almost all the important technical indicators are negative on the daily, weekly & monthly chart with huge negative divergence. Therefore it seems that it is likely to fall in coming days, weeks & months for sure may be with intermittent relief rallies. Therefore caution is advised in the long trade.

REMARKS: -- It is in the long term uptrend as of now, but in short term correction mode. It is important to mention here that if it break & sustain below 41900(figure may change) on the closing basis it will threaten the long term uptrend and finally if it break & sustain below 40450(figure may change) on the closing basis then the long term uptrend would be in jeopardy, which may please be noted.

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:-The view expressed here are solely of the author 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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –25.11.2024

 

DOW JONES INDUSTRIAL AVERAGE

Open—43871.63--High—44323.95—Low—43871.63—Close—44296.51 on 22.11.2024.

Support:43325.09/42938.87/42628.32/42258.84/41831.74/41647.30/41577.77/40584.47/39994.24.

Resistance:44486.70/44877/45003/45386/45519/45649/46035.

After making, an all-time high of 44486.70 on 11.11.2024 it corrected a bit and now again on the up-move. Technically it is on a very strong footing as of now therefore up move is likely to continue with intermittent correction, and if it moves above 44486.70 and sustain on the closing basis then the possible upside target could be 44877/45003/45386/45519/45649/46035, and if it fails to cross 44486.70 then it could get into short correction again but will get into proper correction mode only once it breaks and sustain below 42938.87 on the closing basis. Although its, chart setup & technical indicators are strongly placed but it is in highly overbought zone on the daily, weekly & monthly chart. Therefore I would like to give a word of caution here that the overbought condition & uncharted territories are accident prone also, so it is suggested to ride the on-going rise with utmost caution and alert.

REMARKS: -- It is in the long term uptrend and the bias is hugely bullish as of now.

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:-The view expressed here are solely of the author 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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON DOW JONES INDUSTRIAL AVERAGE –25.2.2024

 

DOW JONES INDUSTRIAL AVERAGE

Open—39127.97--High—39282.28—Low—39094.36—Close—39131.53 on 29.9.2023.

Support: 38927.08/38783.62/38338.58/38106.64/38039.86/37778.85/37566.22/37073.04/36952.65.

Resistance: 39148/39222/39370/39475/39518/39592/39714/39814/40170/40362.

 (Bold and underlined figures are most important)

Technically it is on a very strong footing as of now and in the new territory therefore up move is likely to continue with intermittent correction, but I would like to give a word of caution here that the uncharted territories are accident prone also, therefore it is suggested to ride the on-going rise with utmost caution and alert.

Moving up from here its broad resistance points could be at 39266---39370---39475---39592----39814, it may correct at any of these points and may resume the up move again or may exhaust for a while, but if it moves above 39814 and sustain on the closing basis then the up move can extend further to 40120---40362 or more.

Similarly moving down break below 38388.58 may trigger fresh fall, break below 38039.86 will weaken it further and finally sustained break below 37778.85 & 37566.22 and then below 36952.65 on the closing basis may accelerate the fall.

REMARKS: -- It is in the long term uptrend and the bias is hugely bullish as of now. But I once again repeat that ride the on- going rise with extreme caution and alert.

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:-The view expressed here are solely of the author 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

suranank@gmail.com

Mobile—8240951127/9831313654.