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Future of HANG SENG.

Hang Seng is getting resistance at around 23250 ranges and unless it is breaking that level, 23550 ranges look far from it.

Last two days were better for it and so long it maintains 22500 range I can not negate the move of testing 23550 level.

But if it breaks 22500 range in the downside then it may go into a bearish zone, in fact it may make a bearish pattern in future so therefore Hang Seng may test around 21500 range.

On a long-term basis it is moving an upward channel from around 2011 level so unless it is breaking that channel I am not expecting a big correction in Hang Seng.

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