shanghai composite index technical forecast may 2013

shanghai composite index weekly chart forecasts

shanghai composite index today closed at 2324 with gains.on daily chart shanghai composite index already given short term bullish breakout at 2250 when it moved above 3 month average.

while on weekly chart,shanghai index is near fresh medium term above 6 and 12 month average which are 2250-2260 range while on upside 2355 is 2 years average level and strong feb 2013 we seen bullish breakout but failed to sustain it and then shown dips upto 2150.

shanghai index on weekly chart showing bullish momentum on indicators side.rsi at 56 and with bullish divergence while cci is +85 and given reversal from –100 which was 2175 levels on index.

for year 2013,above 2230 on weekly closing basis.this shanghai index remain buy and targets are 2500 and then 2730.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2009-2018. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.