Trading with EMA and pivots

Today was a perfect day for trading with ema and pivots for followers of this blog.


See how nifty got resisted at pivot level and supported at the key support level exactly as


written in this column yesterday.

NEXT: NIFTY OUTLOOK




Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Trading with charts and levels

A beautiful trade using chart and levels of jerry technicals.
The following chart should be self explanatory.

NEXT: Nifty outlook


Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Dow Jones Technical Analyis

I had writen in http://jerrytechnicals.blogspot.com/2009/11/technical-analysis-dow-jones-djia.html

that 10420 to 10500 will be supply zone for dow as per charts. See where dow reversed from :-)

For Dow short term trend to move to positive now, a close above fibonacci resitance zone of 10569 is absolutely

essential. Will the bulls be able to pull that one off ?? Only time will reveal.

For now Dow looks all set to attain logical targets of 10105, 9773 and 9845 in the coming week.

As mentioned earlier, only a close above 10569 will turn the short trend back to positive for dow.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Technical Analysis of Dow Jones, DJIA, $INDU

Technical Analysis of the Dow Jones Industrial Average Index

At the beginning of this month, Dow tested its 50 day moving average successfully and

moved up 300 points from there. The technical indicators in daily chart are being moved into buy mode

with rsi breaking its downtrend line and macd about to make a positive crossover.

However, if one looks at the weekly chart of dow, RSI broke the uptrend line and there is strong

negative divergence in macd. Therefore traders must exercise caution on both long as well as short

swing trades.

In the coming week, fibonacci confluence zone for dow is placed at 9870 level.

Managing to trade above this level, DOW can move up to targets of 10,200, 10,330 and 10, 420.

A close below 9870 for DOW will trigger a collapse to the extent of 9570, 9450, 9350.

DOW is placed precariously. Let us see what the next trading week brings.

Link : Indian Stock Market outlook for 9th November

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.