DJ30 is still bearish in a ranging zone. Market has not broken either of the sides on the upper of lower level. Therefore, we are going to take the long position from the support level at the price of 32850. The lower time frame is reflecting the bullish sentiment. Therefore, we are more keen towards the upper side.

The descending trendline has broken out for buys and the validation is already complete. 

There is no retracement level on this setup as the market is still ranging.

EMA 50 is bearish and tapping the price action. Once, its broken out towards the upper side, it will give us a confirmation for fuel towards the upper level.

32900 DJ 30 support level

Nov 01 2023