The cup formation that we see in the chart above is an indicator that we overshot the previous high of 6.5 and this time shall tend to make a high which has been done with a 7 already done and the momentum can take it still higher before relief can start to slow down things. Had this been a stock chart, we could have assumed a target up side of 9.5 to 10(pretty alarming). Or in a lighter view a 8.5 to 8.75 maximum top. Let us hope we do not shoot all the way to that level. GOD bless India !
Wednesday 9 April 2008
Inflation
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2 comments:
Rocking
The highest inflation that India has ever seen in the past two centuries is 53.8%, in the famine year of 1943 .................can chidambaram break this record
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