Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Dow Jones near Extreme Resistance Point

13 sec read

Dow Jones Weekly Charts

CMP : 10187

Chart Shows Dow Jones Weekly chart with 5/13 EMA Weekly crossover as in every global indices. But currently trading inbetween those important moving average zone 5 Week EMA(10172) and 13 Week EMA(10195). i.e exactly near the craddle resistance point.High Probability of Trend reversal could be possible from this point

 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Send Option Orders from Futures or Spot Signals in…

This tutorial helps you to understand how to connect your simple Buy and Sell Trading signals to send ATM option orders in the...
Rajandran R
9 min read

How to Send Automated Orders from Tradingview to Algomojo…

This tutorial explores how to send automated orders from Tradingview using webhook method to Algomojo Trading Platform. Webhook is a unique way of communicating...
Rajandran R
2 min read

TradersKart – One Stop Shop for Traders

TradersKart offers One-Stop E-commerce Solution for all the traders, where traders will get access to their trading needs. Traderskart provides the necessary tools required...
Rajandran R
53 sec read

7 Replies to “Dow Jones near Extreme Resistance Point”

  1. sir..looks like the call writers have given away..4800 call writing was a trap and now 4900 wld be taken out…5k still wld be the tough nut to crack..

  2. hi Mr. rajandran,
    FOR THE FIRST TIME I HAVE SEEN NSE TRIN AND NIFTY GO IN THE SAME DIRECTION . WHAT DOES THIS MEAN ?

    1. At Jitin and nanavati

      Rising trin in a rising market means some one is duping the stocks in every upside and if trin shoots above 1 indicates the conformity of bearishness. I thing we could get some clue before this friday either to reverse the position or not. 13 EMA weekly is the next point of resistance now. More over 5/13 Weekly crossover is a rare event and it doesnt appear frequently. It is a conformity of bear market. But here the time frame is weekly charts so its little difficult to be with the timing for me

  3. sir based on your yesterday 1314 hrs quotes i remain short in 5000 call and i mean the money i wanted. sir i believe in your study. it’s great. thanks once again for the guidance.

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More