The index is trading near to demand zone as seen from the chart. The zone is holding as support in every correction in the index. 14100-14300 is the demand zone for the index. If the index manages to hold the support zone then it can bounce to the levels of around 15100-15300 where downward sloping trendline is lying. For educational purpose. @jagrut
As seen from the chart, it seems Silver is doing what it has done from 2011 to 2013 period. The commodity is forming the similar type of triangle pattern and following the same Fibonacci retracement levels. For educational purpose. @jagrut
Monthly Chart of Dow Jones Industrial Average (DJI): Scenario - 1: (2003-2007) The uptrend which started from October-2002 met the resistance around the Fibonacci extension levels of 1.382%-1.5% as seen from the chart. Scenario - 2: (2009-2015) The uptrend which started from March-2009 met the resistance around the Fibonacci extension levels of 1.382%-1.5% as seen from the chart. Scenario - 3: (2020-current period) The uptrend which started from March-2020 might face resistance around the Fibonacci extension levels of 1.382%-1.5% as seen from the chart. Resistance levels lies around 33900-35200.
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