DJ30 is in a strong bullish trend with the formation of higher highs and higher lows. The another bullish leg towards the second high will be our profit target. The buy level is at 37140 from where the market can continue moving up. The resistance level is the profit target.

The ascending trendline has been retested and the descending trendline is about to be broken out for buys. After the breakout buy, the validation is needed. 

The price action is retesting the EMA 50 at the support level. The confluence will be formed at the support level.

RSI is at 48. It needs to be drawn down towards the over sold region where a bullish divergence will be formed and the market will confluence with the technical factors.

DJ30 buys from 37140

Dec 21 2023