DOW 30
DOW 30
has been in habit of following our mentioned and analyzed levels and it moved
in our previously mentioned range on expected terms. DOW 30 was in same
trajectory as S&P 500 and traded with little hawkishness and moved on
expected terms as DOW 30 opened flat at 18539 and from there made high of 18557 and s as
profit booking triggered it to make low of 18487 before finally closing the flat
range bound session at 18548 with increase just 17 points to the index or increase
of 0.09% to the index.
DOW 30
has immediate Resistance intact around 18620--18635.If this level is positively
breached and sustained then one see DOW 30 resistance building around 18710--18750.
DOW 30
has immediate Support building around 18500--18460.If this level is breached
negatively and not sustained then one see next support building around 18330--18275.
RSI of
positive 62.03 and increasing indicate that short term trend is towards
consolidation as and we may see some range bound movement to continue for short
term.
MACD of
positive 97.34 and decreasing also
suggest that current trend is towards consolidation and once positional
resistance are sustained then we may see sharp upside move.
More Will Update Soon!!
