In my previous call on Shangahi
Composite written on 18th September 2014, I
wrote, “Shangahi
Composite stayed at those levels for one full year and it never went below 1975
levels. After an enormous consolidation at those levels Shangahi Composite has
broken out of a long term downtrend.”
In less than two and half months Shangahi
Composite has moved to 2938 levels up almost 27% form those levels. Short term target for Shangahi is at around
3200 levels.
I think three Asian markets (Japan, China and India) have entered in a long term bull market and will see swift gains in next 3 – 5 years.
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