LONG TERM----- (As per monthly charts) ----
· Last swing high is at 5400 and swing low is at 4728.
· The trend is down and the termination level is at 5400.
MEDIUM TERM----- (As per weekly charts) ----
· Last swing high is at 5099 and swing low is at 4531.
· The trend is down and the termination level is at 5099.
SHORT TERM----- (As per daily charts) ----
· Last swing high is at 4801 and swing low is at 4693.
· The trend is down and the termination level is at 4801.
· The targets are 4650, 4625, 4600.
5 comments:
Dear Dr. SHah,
Please confirm if you are calculating like this -
4693 - (4801-4693)* 38.2%=4650
4693 - (4801-4693)* 61.8%=4625 (approx)
?
I don't know how have you come to 4600 figure?
Dear Doctor,
Wish you a Happy & Prosperous New Year.
Regards,
Veer
Dear Sandy,
4600 is approx 80% of 4532-4801 swing.
Dear Veer,
happy new year to you and all blog readers.
Dr. Shah
I wish you and your family a very happy & prosperous 2012.
topleastgod,eternal gesto http://youtu.be/zXKV78VERio
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