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India, Indonesia and Philippines

 

Charts current to 18th May, except where otherwise indicated


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A turn on pink resistance. But no top. Supports at 4,700 and 4,400.
 



Big top danger with a potential fall to 9,000 if the neckline were to break.


A turn at the previous top suggests a fall back to support 3,700 or 3,250.


Charts below current to 27th March.
Resistance at 6,000 on the log chart.



12 years of average 18% growth - after nine years of nothing. Resistance as high as 5,300.

12 years of 17% average annual growth. Can it continue or will the market trend in a range for the next few years?




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