Swing Update-May 20

LONG TERM----- (As per monthly charts) ----


Last swing high is at 5630 and swing low is at 4532.

• The trend is up and the termination level is at 4532.

• The targets (+/- 50) are 5600*, 5750, 5950.

MEDIUM TERM----- (As per weekly charts) ----

• Last swing high is at 5342 and swing low is at 5184.

• The trend is down and the termination level is at 5342.

• The targets (+/- 30) are 5130*, 5080*, 5030*.

SHORT TERM----- (As per daily charts) ----

• Last swing high is at 4922 and swing low is at 4789.


• The trend is down and the termination level is at 4922.