An attempt to anticipate the future movement of different markets over next 5 to 10 years. If we see the movement of 6 markets, we can have some insights.
Among the 6, Germany (DAX- purple) and India (NIFTY50 - red) look like being in the middle zone of the direction of movement since 1991.
Hong Kong (HSI - green ) came down gradually from around early 2018 to...
As after the bearish setup on daily time frame the market is falling making inverted flags again it looks like an inverted flag which is a decent flag. Targets can act as support or resistance, trade what you see. trail profits at every target or SL at cost.
It looks like HSI is coming out of several weeks of sideways consolidation. A close above 29175 today could propel the index towards 30850 in the next couple of weeks.
Hang Seng CMP 26494
Sustaining above the red resistance trend line, HSI can potentially scale up to 28500 levels...
Alternatively wait for a dip towards 26244 levels. Holding that level one can look to enter for a Long trade with Stop Loss at around 25980. That provides a good Risk::Reward ratio.
This is for educational purpose only. Please do your own Analysis...
