HANG SENG INDEX will find strong trend line resistance around 25050, will favor bull once it closes and holds above 25050.

HANG SENG INDEX

Charts updated for - 24th February 2015.

HANG SENG finding strong support at current levels.

HANG SENG INDEX

• Index has formed head and shoulder formation in daily chart.
• Hang seng Index is now finding strong support at current levels @ 24370. Its previous resistance is now acting as a major support.
• As long as Index holds above 24370 bulls will be favored, once it closes and holds below 24370 then further weakness is expecting.
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HANG SENG INDEX made a bullish breakout, further price rise can be seen in coming days.

HANG SENG INDEX

• Index had formed head and shoulder formation in daily chart, and made a bullish breakout by closing above its resistance @ 24370, this indicates as long as Index holds above bulls will be favored and further price rise can be seen in coming days.
• Previous resistance @ 2370 will now act as a major support for Hang Seng Index.
• On upper side Index will now find next strong resistance around 25370 (its previous top).
• Stock major trend indicator "MACD" is moving in +ve zone this indicates further price rise can be seen in coming days.
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HANG SENG INDEX trading idea , Index is facing strong support around 23788, bulls have hope to take index up from current levels. (Updated on 26th September 2014, Thursday)

HANG SENG INDEX

• HANG SENG INDEX is currently facing golden ratio support at current levels @ 23788, as long as holds above bulls have a hope of moving upwards, but once closes and stays below 23788 then further weakness expecting.
• Index also facing 100 DMA support, as long as holds above bulls will be favored, if closes below 100 DMA then it will be a sign of weakness.
• If Index moves up from current levels then will find resistance around 24150, 24370, 24570 And 24700.

HANG SENG Index Chart Technical Analysis, Graph Forecast, Trading Strategy - Holding above its previous major resistance, will favor bulls as long as holds above. (Updated on 11th August 2014, Monday).

HANG SENG INDEX

• As per previous report published on Hang Seng, index has now corrected as RSI Index was trading in overbought zone. (Click here to see previous report published on Hang Seng Index).
• Now daily chart indicates index will be testing is support around 24100, its previous resistance which is now acting as a major support. As long as index trades above it will favor bulls. If starts trading below its previous resistance then index will show first sign of weakness.
• Weekly chart indicates Index has formed bullish head and shoulder bullish formation as long as Index holds above its resistance zone in weekly chart it will favor short - long term traders.
• Suggested Reading - DOW JONES Index moving up from strong trend line and 200 DMA, Will favor bulls as long as holds above.
• Daily chart also indicates Index is holding its 50 days moving average support, from last 3 times HANG SENG moved up from 50 DMA as shown above in graph no 3. As long as index holds above it will favor bulls. Close Watch.
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HANG SENG INDEX Chart Technical Analysis, Graph Forecast, Trading Strategy - INDEX has now entered in overbought zone can see some correction. (Updated On 30th July 2014, Wednesday).

HANG SENG INDEX

• As per previous report published on HANG SENG - INDEX gave a sharp up move after breaking its resistance zone of 24000-24300. (Click here to view previous report on HANG SENG Index).
• Now daily chart indicates stock is on bull run after breaking its major resistance as shown above in chart no.1.
• Weekly chart indicates Index has formed bullish head and shoulder bullish formation once stock closes above its major resistance 24000- 24300 in weekly chart then bulls to get active for short - long term - as long as Index holds above its resistance zone in weekly chart.
• Currently index is trading above its major trend line resistance close watch closing in weekly chart is important to give more strength in Index.
• Recommended report to read - ASX ALL ORDINARIES Technical Analysis Chart.
• Daily chart also indicates HANG SENG is now trading in over bought zone as RSI Indicator is now moved above 70 levels which indicates a sign of caution and Index may see some correction.
• But close watch as long as stock holding above its previous resistance of 161.8% fibonacci retracement, index is looking bullish and can test its next resistance of 261.8% fibonacci retracement around 25700. As shown above in chart no.3. Close Watch.
• Click here to see all the forecast (trading strategy) published by us on HANG SENG INDEX (as per technical analysis point of view).

HANG SENG INDEX Free Technical Analysis Chart- Index on bull run after breaking its major resistance, will find strong resistance between 24000-24300. (Updated On 24th July 2014, Thursday).

• As per previous report published on HANG SENG - INDEX gave a sharp up move after breaking its resistance zone of 23500-23750. (Click here to view previous report on HANG SENG Index).
• Now daily chart indicates index has closed above its major resistance and index is on bull run, as long as index holds above its resistance it will favor bulls and previous resistance will now act as a major support for Index in case it falls.
• Weekly chart indicates Index has formed bullish head and shoulder bullish formation once stock closes above its major resistance 24000- 24300 in weekly chart then bulls to get active for short term - as long as Index holds above its resistance zone in weekly chart.
• Daily chart now indicates Index will find strong trend line and 161.8% fibonacci retracement resistance around 24000-24200 as shown above in chart, careful with all buy positions around these resistance levels.
• Click here to view All recommendaions given on Hang Seng Index.

HANG SENG INDEX Trading Tips - HSI facing strong trend line resistance at current levels,Further buying expecting if breaks its resistance as per technical analysis point of view. (Updated On 21st July 2014, Monday).

• HANG SENG INDEX moving up from strong trend line support in daily chart, and now facing strong trend line resistance at current level (as shown above). Chart indicates index will find strong resistance between 23500 - 23750. once closes above its resistance level and stays above then further buying is expecting in Hang Seng Index.
• Weekly chart indicates index is moving up from 23.6% fibonacci retracement support zone as shown above this will favor bull to take index up as long as it holds above its support zone.
• Daily chart also indicates if Index moves up from current level then on upper side will fing strong fibonacci retracement and trend line resistance between 24100 - 24150. Close Watch.
• Suggested article to read from out collection - Short selling in stock market.