Friday, April 22, 2016

ASI - Inverted Head and Shoulders right shoulder is at 6255 points.

All Share Index is at a major formation, which is upward bias, as it is nicely forming an INVERTED HEAD AND SHOULDER. I would like to see the right shoulder being establish at 6255 area but today's close was almost exact at Feb high of 6422 range. Therefore it could retrace to form the right shoulder as said above, OR we may see a breakout from 6422 and head north to test the 100 DMA  of 6455 and thereafter the Jan top of 6552 points.



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