June 22, 2010

Dow jones channel with fifty ema

UPDATED CHART


  • SUPPORT LINE BROKEN
  • 10430-10460 IS THE NEXT SUPPORT ZONE
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  • This is a 10 minutes chart of dow jones. 
  • I have plotted 50 EMA in the 10 minutes chart.
  • Now before the closing bell this 50 EMA may act as a support for a rally towards the high of the day.
  • There is a support line and a resistance line drawn in the chart.
  • Right now 50 ema is giving support. If the ema gives support along with support line below the ema we may see a rally before closing bell today.
  • On the contrary if the support line gets broken we may end lower.

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