Friday, May 17, 2013

Trend n Target Update

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


• Last swing high is at 6112 and swing low is at 5477.

• The trend is up and the termination level is at 5477.

The (Revised) targets (+/- 50) are 6330, 6500, 6700.



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

• Last swing high is at 5755 and swing low is at 5477.

• The trend is up and the termination level is at 5477.

• The targets (+/- 30) are 5810*, 5860*, 5920*.



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

• Last swing high is at 6115 and swing low is at 5970.

• The trend is up and the termination level is at 5970.

• The targets (+/- 10) are 6150*, 6190*, 6240.