KOSPI KS11 SOUTH KOREA MARKET INDEX LIVE REAL TIME TIPS TARGETS
UPDATE AS ON 04 AUGUST 2020 TUESDAY 05.00 PM IST
KOSPI KS11 CLOSED AT 2115
In last report I advised that : Once it close above 1984 for 2 days in line than it will gain lots of power and will go to 2016 followed by 2032 as well. Overall targets would be 2096 in coming months.
And you can see that 2126 is the recent HIGH.
It is safe till it is closing above 2108 and If it will close above 2134 for 2 days in line than you will see 2158 followed by 2222 and also see some profit booking at both of these levels.
if it breaks 2108 to 2098 range on closing basis than panic will be seen till 2078 followed by 2052. This 2052 is SL for all long positions, but if it will break SL than more panic will be seen till 1998, and if it happens than at least one sharp upside recovery will be seen from 1908 to till 2144.
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