Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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
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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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7 Replies to “Dow Jones near Extreme Resistance Point”
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..
Raj Ji
Trend reversal in what direction?Thx
KPR
I dont want to whipsaw now. Let the support breaks to reverse the direction. Days are not so far
sir should v reverse the nifty sell to buy
hi Mr. rajandran,
FOR THE FIRST TIME I HAVE SEEN NSE TRIN AND NIFTY GO IN THE SAME DIRECTION . WHAT DOES THIS MEAN ?
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
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.
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..
Raj Ji
Trend reversal in what direction?Thx
KPR
I dont want to whipsaw now. Let the support breaks to reverse the direction. Days are not so far
sir should v reverse the nifty sell to buy
hi Mr. rajandran,
FOR THE FIRST TIME I HAVE SEEN NSE TRIN AND NIFTY GO IN THE SAME DIRECTION . WHAT DOES THIS MEAN ?
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
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.