The charts of Asian equity markets are extremely constructive across the board

Some Asian indexes have already experienced major upside breakouts. Other indexes and ETFs are on the verge of upside breakouts of historic magnitude.

A pictorial review of Asian index futures and ETFs is in order, without comment.

Multibagger Idea !

In infrastructure companies in india the worst is over and the only direction it can go is up. GMR Infra has made more than 2 years bottom. And given breakout on weekly chart with formation of 16 months Head & Shoulders - Bottom pattern. Trade long with stop loss of 23 for target of 33 and 45. (CMP 25.75)

SESA Double Top

It has breakdown of 6 months Double Top and 5 months Wedge patterns. Trade short, if close below 168  with stop loss range of 188 to 178 for target of 145 to 135.

HDFC Ltd.

HDFC complete it consolidation. It is on the verge of a breakout, of 6 months Rectangle and Head & Shoulders Bottom patterns. Trade long, if close above 860 with stop loss range of 830 to 850 for target range of 930 to 960.

Cipla Ltd.

This chart is the classic example of big patterns are launch with the formation of  small patterns. Cipla is in a 13 months rectangle pattern, between 426 to 364. And 8 month Head and Shoulders Top with neckline at 378. It has close to consecutive weeks below 378. Trade short if close below 364 with stop loss of 378 for target of 300.