Hello All !!
Welcome Back ... Today Coming with One More Index Analysis !!
We are Now again Planning for Big Expansion of Our Forex Activities in coming Days. We will be Actively Operational in Next Few Weeks and Spreading through Every Corner of the World. We will be Live with our Analysis Support, Signal Services, Fund Management, Broking and Advisory For HNI and Ultra HNI Clients through out the World.
Now Coming Back to the Analysis Part ...
The Market That we are discussing Today is CHINA
The Index That we will be Looking at is
CHINA A50 Index
Let's Have a Look at the Chart ..
This is Daily Time Frame Chart of the China A50 Futures, The Chart is Saying The Index Futures were Falling since a Long Time (We have Focused on a Small Duration for Clear Picture).
The Falling Trendline is Restricting the Upside momentum of the Futures and Price was falling. Even the Small Period Exponential Moving Average also was Restricting the Futures to Rise.
Finally The Futures Made a Double Bottom Kind of Structure at the Probable Bottom and Took a Breakout from the Falling Trendline. The Breakout can also be Considered as a Double Bottom Breakout. The Neckline was placed at 11360 approx. and the Bottom Formed at 10760 approx. This is a Structure with 600 points. After the breakout above the Neckline of Double Bottom as well as the Falling Trendline, The Futures Moved to 11658 and Spending Time in the Resistance zone. The Index Futures are Expected to Rise for a Target of 11960 as a Target of the Double Bottom Breakout and Then towards the Resistance of 12230.
The move will not be a straight Line move, so we Recommend to Buy the Futures on dip and Hold with the Targets in Mind.
Summarising the Analysis and Trade as Below :
CHINA A50 Futures
Recommendation : Buy
Buy Range : 11550 - 11360
Stoploss : Closing Below 11160
Take Profits : 11960 - 12230
Risk / Reward is Good for the Trade.
Risk Disclosures :
- Follow Risk Management
- Do Not Jump in With Heavy Lot Sizes.
- Consult your Financial Adviser before taking the Trade.
