Nifty on track to hit 12k before April-May: Laurence Balanco, CLSA

Laurance Balanco, Global technical analyst at CLSA says Nifty on way to hit 12000 in the first half of 2018 itself even after the recent February 2018 crash. How sincere these view points are? I mean to ask how credible these guys are and how much weightage should a retail investor give to these advices?

As believable as this

Or this

And they are as believable as this


Well to be fair Sensex quadrupled in the last 9 years. So tripling from here in next 10 years is probably not as crazy as it sounds but I agree it’s over optimistic.