Thursday, December 15, 2011

Trend Watch (Dec 15)

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 4639.
· The trend is down and the termination level is at 5099.
SHORT TERM----- (As per daily charts) ----
· Last swing high is at 4840 and swing low is at 4728.
· The trend is down and the termination level is at 4840.

3 comments:

Sandy said...

Dr. Shah it's been unfortunate that you have stopped giving the targets of extension & retracement and traders like us are often doing mistake in the calculation. Please either explain or continue to provide the targets. Regards.

Dr. Jignesh Shah said...

Dear sandy,

I will try to give targets from next update.

with regards.

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