Dow Jones Breakout or Fakeout Don’t Get Caught on the Wrong Side!
Dow Jones Breakout or Fakeout? Don’t Get Caught on the Wrong Side!
Dow Jones Breakout or Fakeout? Don’t Get Caught on the Wrong Side!
Dow Jones Breakout or Fakeout? Don’t Get Caught on the Wrong Side!
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Chart Pattern
- The price was in a downtrend but has recently shown signs of reversal.
- A double-bottom formation is visible, indicating a potential trend change.
- Parabolic SAR (blue dots) suggests bullish momentum is building.
Trend Analysis
- The price has started making higher highs and higher lows, signaling an early-stage uptrend.
- However, the price is near a key resistance zone, which needs to be broken for confirmation.
Upcoming Events
- Keep an eye on major economic news or interest rate decisions, as they could add volatility.
- Watch for earnings reports or geopolitical factors influencing market sentiment.
Trend Confirmation
- RSI (48.48) is near the neutral zone, showing no strong overbought or oversold conditions.
- Momentum (100.03) is picking up, supporting short-term bullish sentiment.
Final Takeaway
- The market is at a make-or-break level either a confirmed breakout or a retest of support.
- A strong break above resistance could lead to further upside.
- If rejection happens, a pullback to support zones is possible.
Breakout Strategy (Bullish)
- Enter long positions if the price breaks above the 200-day MA with strong volume.
- Set a stop-loss near 41,600 to limit downside risk | Target 42,500 - 43,000 as potential profit-taking zones.
Breakdown Strategy (Bearish)
- Short if the price fails at resistance and drops below 41,600.
- Stop-loss at 41,900 to avoid false breakdowns | Target 40,700 - 40,500 as next support levels.
Disclaimer
This analysis is for educational and informational purposes only. It does not constitute financial advice. Always consult a professional before making investment decisions.
Online Stock Market Traning : Whatsapp : 9841986753
One to One Share Market Training : Whatsapp : 9841986753
RUPEEDESK SHARES
Rupeedesk Shares| Share Market Training | Intraday Training | Wealth creation
Stock Market Training for beginners,Technical Analysis on Equity,Commodity,Forex Market,Learn Indian Equity Share Market Share Market Trading Basics: Fundamentals Of Share Market Trading training, Stock Market Basics - Share Market Trading Basics,Share Market Trading Questions/Answers/Faq about Share Market derivatives,rupeedesk,learn and earn share Equity,Commodity and currency market traded in NSE,MCX,NCDEX And MCXSX- Rupeedesk.Contact: 9094047040/9841986753/ 044-24333577, www.rupeedesk.in)
No comments:
Post a Comment