Chart Analysis - Dow Jones Industrial Average (DJI) - K Karthik Raja Stock Market Training Chennai - 28.02.2025
Chart Analysis - Dow Jones Industrial Average (DJI) - K Karthik Raja Stock Market Training Chennai - 28.02.2025
%20-%20K%20Karthik%20Raja%20Stock%20Market%20Training%20Chennai%20-%2028.02.2025.jpeg "Chart Analysis - Dow Jones Industrial Average (DJI) - K Karthik Raja Stock Market Training Chennai - 28.02.2025")
Chart Analysis - Dow Jones Industrial Average (DJI) - K Karthik Raja Stock Market Training Chennai - 28.02.2025
Chart Analysis - Dow Jones Industrial Average (DJI)
Chart Pattern & Trend Analysis
* DJI is in an overall long-term uptrend but currently experiencing a short-term correction.
* Recent price action shows a lower high formation, indicating potential weakness.
* The market is trading near key support levels, with increased volatility.
Moving Averages Insights
* 50-day EMA: 43,838 (Currently above price, acting as immediate resistance).
* 150-day MA: 42,651 (Next major support level).
* 200-day EMA: 41,984 (Long-term support level, crucial for trend reversal).
* Price action suggests a potential mean reversion towards the 200-day EMA if selling pressure continues.
Upcoming Events to Watch
* US GDP data release (potential impact on sentiment).
* US Federal Reserve comments on interest rates.
* Nvidia & other tech earnings affecting overall market sentiment.
* Trade war developments influencing global equities.
Observations
* RSI (14) at 37.78 indicates an oversold condition but no confirmed reversal signal yet.
* ADX (14) at 17.03 suggests a weak trend, implying lack of strong momentum in either direction.
* MACD negative crossover confirms bearish sentiment in the short term.
Final Takeaway
* DJI is in a short-term corrective phase within a long-term uptrend.
* Watch for support at 42,651 (150-day MA) and 41,984 (200-day EMA).
* A bounce from current levels could be possible if buying emerges near key supports.
* Sustained trading below 42,500 could lead to further downside towards 41,500-41,000 levels.
Breakout Strategy (Bullish)
* Target Levels: 44,500 → 45,000 → 46,000 (new highs).
* Stop Loss: Below 43,000 (to protect from false breakouts).
Breakdown Strategy (Bearish)
* Target Levels: 41,500 → 41,000 → 40,500.
* Stop Loss: Above 43,200 (for risk management).
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