Shanghai Composite Index Cmp 1994 was in a Bearish Trend since hitting the all time high of 6124 in the month of October 2007. During this phase we can see the index making "Lower Tops & Lower Bottoms". After hitting the low of 1665, ( five weeks before ) the index formed a "Harami Candle Stick Pattern" indicating accumulation. Last week a good uprally "Bullish Candlestick" is witnessed and also Shanghai Composite Index has closed 'Trendline". Even it has formed a "Bullish Engulfing Pattern". All this technical tools indicate a clear bottom formation "Key reversal on trend". Immediate target for the index is 2080-2186-2293-2420-2642.