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 positivity as strong support of 18280 was sustained positively and hence
we saw a bull run and in previous session also we saw Dow 30 open positively at
18471 and from there it made low of 18460 before showing a strong pullback to
make high of 18504 before closing the positive session at 18497 with gain of 41
points or increase of 0.23% to the index.
DOW 30
has immediate Resistance intact around 18535--18570.If this level is positively
breached and sustained then one see DOW 30 resistance building around
18620--18635.
DOW 30
has immediate Support building around 18430--18400.If this level is breached
negatively and not sustained then one see next support building around 18360--18275.
RSI of
positive 64 and increasing indicate that short term trend is positive and
improving and if mentioned levels are sustained then we may see some aggressive
buying.
MACD of
positive 110 and increasing also suggest that current trend is towards
improvement and once positional resistance are sustained then we may see sharp
upside move.
More Will Update Soon!!
