Hang Seng – On verge of a 5 year range breakout.

Until Indian Elections the Hang Seng chart was very similar to our Nifty with multiple tops around the 24k market similar to the 6300-6400 mark on Nifty.


Nifty did breakout and now Hang Seng is on verge of a similar breakout.


Do check this earlier report on Indian Elections – Do they change market trends


Hang Seng Technical Chart


Hang Seng Breakout


-> Its crossed a 6 month high of 23600

-> The last major top is at 24111 in the last 1 year. A breakout beyond that would imply a 4-5 year range breakout. It can also be termed as a triangle which will have pretty big targets on confirmation.

-> This can lead to a spike of 5-8% in short term and eventually towards the highs of 2007-2008.


Similarly Taiwan which already gave a breakout before is about to catch further momentum



For details about the program check https://www.nooreshtech.co.in/technical-analysis-training

To register yourself call us – Nooresh 09819225396 Ankit 9899899989  ( after market hours )

Thanks and Regards,

Nooresh Merani


Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.