Technical Analysis of Indian Equities by Nooresh

Hang Seng – 4th Attempt at a big Triangle Breakout

Hang Seng

 

Hang Seng Technical View

 

This is one of the most co-related index to our markets.

Making an interesting formation here. A 5 year triangle.

In the last 1-2 years this is the 4th attempt to breakout of this triangle.

Such a move can trigger a quick 10-15% move also in the index at times.

 

Does this imply a move for our markets. That would be too early to call for it but it makes sense to keep a watch on this chart.

 

 

Book Recommendation

 

 

 

 

Nooresh Merani

www.analyseindia.com

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nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2582 articles.

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