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Techcheck Daily |
Hang Seng breaks lifeline (neckline) |
n Chart of the Day: Hang Seng, breaks below bearish H&S neckline, targets pegged at 20500.
n Red Flags emerge, bearish reversal patterns form/break on multiple indices, an increase in cash levels is suggested
n Medium term bias turns negative after a gap of 4 months, 200 Day average cluster around 5525-5575 should get tested on the Nifty
n BSE Mid Cap, BSE Small Cap and BSE Consumer Durables break below bearish H&S formations
n DJIA, prices struggling near a century old bull market channel, crucial few weeks ahead, a make or break scenario in the making
n Gold, prices near the top end of a decade long bullish channel, quarterly RSI readings at 92 are historically over stretched
n Index 2 year and quarterly cycles come back to haunt
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