Future outlook of indian stock market

Future outlook of indian stock market

Posted: Igor Ivanov On: 15.06.2017

Interested in analyzing markets, charts, stocks? The stock market of India was a top performer throughout In general, the Indian stock market outlook does not get a lot of attention, which is a typical bullish phenomenon.

future outlook of indian stock market

As said before, bull markets which go unnoticed have the most potential. This analyst recently wrote that the Indian stock market outlook for is bearish. That is very strange to us, as the price levels mentioned by the analyst, e.

We find important price levels at points and points, based on our chart analysis visualized below. Basic chart reading of the Indian stock market reveals a long term pattern with very strong support at points. As seen on the chart, that moving average has mostly acted as support or resistance in the last 5 years. Our outlook for the stock market in India in is that it will start the year in a bearish way. We expect a quick turnaround into a bull market.

The line in the sand is points, and we expect this level to hold. If not, for whatever reason, then market conditions would become concerning. Share this chart Tweet this chart. The Indian stock market currently trades at points. If the index goes higher from here, it would be extremely bullish as we would have a higher low , more than 5 pct above secular support purple rising line on the chart.

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In other words, the rising trend would be validated, and it would, without any doubt, lead to a new attempt to break through all-time highs. If the rising trend line will not break read: This is a much more constructive setup than the one above, which we took at at the end of sharp retracement. We respect your privacy more info. His work appeared on major financial outlets like FinancialSense, MarketWatch, Market news, market forecasts, price forecasts, market analysis:.

India SENSEX Stock Market Index Forecast

Menu Reading markets Trendwatching Breakouts Super Growth Forecasts. India Stock Market Outlook For Taki Tsaklanos 6 months ago Tags: Investing Haven presents THE HOTTEST TREND OF ETHEREUM We sent you an email! CONTINUE READING No related posts. I also feel it is going to be a good year for indian stocks.

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