We had very clearly predicted the SENSEX bottom target in our JUNE 23 Post indicating clearly that the SENSEX should bottom out around 12100 level and last Tuesday it nearly touched that level and bounced back sharply.
Technically the SENSEX looks bottomed out and after fair bit of consolidation it should look up and achieve higher levels. Those who missed out on shopping should wait for lower levels around 12500 for long term investments. This would be the time to be fully invested.
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Indian Stocks and Indices - Technical Analysis using Elliott Wave Principles. May be used for academic purpose only. Twitter handle @stocktechy
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