The Italy 40 index, or the FTSE MIB, is considered the benchmark for the national Italian stock exchange, the Borsa Italiana. The index consists of the 40 most capitalized and liquid stocks that are listed on the Borsa Italiana.
The IT40 now seems to have begun rising in what is expected to be the wave iii of 3 for the index. This particular wave is expected to take the index towards the 40K mark from the current 29k mark(a hefty 40% move). The index of the European country is one more global index to be added to list of several others on the move in a bull market that can go on for several more years to come(of course with regular corrections and pauses on the way).
I don't this will happen, However the overal market is to weak. Lets see, tomorrow is a good review. If EU rates drop by .75 points we have a chance.
neeraj_2_sharma
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@s.berenschot, one needs to focus on daily and hourly wave counts in order to make accurate day-to-day entries. This weekly chart can be useful to determine the direction of the market. Minor fluctuations do always happen on daily timescale. The Index has now consolidated for 9 trading days just a tad bit below the ATH. Preparing to take out the ATH with some good momentum!! look for a range breakout to catch a explosive move.
bp3vedi
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Neeraj bro, can you please guide for dabur india. I m holding shares. Today news came about involvement of promoter in Mahadev scam . What levels should i average my holding. Thank you for your help. Regards Brijesh
neeraj_2_sharma
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@bp3vedi, Brijesh ji, the low of 503 is crucial for the stock structurally. Other than that it would not be in my legal authority to advise on managing a holding in other's personal portfolio as directed by SEBI and govt. Regards.
bp3vedi
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@neeraj_2_sharma, thats fine. Thank you very much.Your insight is more important for me. Stay blessed. Regards Dr Brijesh Trivedi