Midcap IndexBSEMIDCAP Index(Bearish) : Double Top Pattern ? as highs of Oct 2021—Dec 2022 are coinciding. Neckline around 21200 and CMP 23632 i.e., 10% downside is on cards Shortby bhaskarmba19
Quite textbook setup hereAmazing setup in daily and weekly charts. one can search inverted head and shoulders pattern and get the target. New high incoming hopefully.Longby VigneshIyer12
consolidation and correction in BSE Midcap IndexS&p BSE MIDCAP INDEX- time ripe for consolidation aka correction. An observation of Monthly charts of S&P BSE Midcap index reveals that its ripe for a consolidation cum correction for a periods of 15-18 months from Today i.e May 2022. So reasonable to say time for super cycle growth can start from 2024-2026 for tgt of 38000-50000. 61.8% retracement for the entire rally from 10000 to 27500 comes to 18000 approx. So its most likely we shud consolidate around these levels(18k to 23k) for long before giving breakout. Assumptions- Rounding bottom will b formed(typical when consolidation takes place) on monthly charts. Pole has already b been formed by rally of 10k to 28k, so this 18k points added to 28k , makes tgt 56000. Time frame 2-5 years. Have conviction in Indias growth story. Regards MayankLongby mayank793
#MIDCAP - final dash to 28000?Amazing rally - where will it stop? 28000 may prove to be a tough number of conquerLongby salilgarga2
bse midcap bottom formationwatch specific stocks to form bottom this week. next big move coming soonLongby uniproadvisory1
Stock specific buying AS most of the stocks wll not perform WellA possible target in Bse Mid cap Index Wll be 30k in few years Some correction Possible Before Hitting 30KLongby uniproadvisory1
Probably midcap rally to gain pace at the break out of channelProbably midcap rally to gain pace at the break out of channelLongby AmitDaga2
Same patterns in BSE Midcap IndexSame patterns in BSE Midcap Index. Let's see what is in store ?Educationby SumantraChabri-NCFM-NISM2
BSEMIDCAP (wkly) resistance around 15000-15600 buy in correction#BSEMIDCAP (weekly) resistance around 15000 and then 15600 crossover of which expect move toward Life time high downside support 13500 so buy good quality midcaps in correction of 10500-14300 and keep sl of 13500 Longby DharmendraGKaallal0
Big crash coming in midcap indexOn monthly charts the MIDCAP index has broken major trendline support and all indicators pint to big crash in coming months..Investors beware !!Shortby jayram64Updated 3
Example on Evening Star PatternThe Evening Star Pattern is viewed as a bearish reversal pattern, that usually occurs at the top of an uptrend. See the image. by Brijesh_Pandey0
retest of broken trendline by the midcaps likelydisclaimer... not an investing/trading recommendationShortby capsule910
the last bull standing in indian midcapsother charts.... forum.valuepickr.com disclaimer... not an investing/trading recommendationLongby capsule91Updated 0
bse midcap.. correction almost over...Time to bottom fish some good valuation stocks in the mid and small cap space... Disclaimer.. not an investing/trading recommendationby capsule91112
BSE MIDCAPS- wait for the spring!DIsclaimer... not position on the index.. a reference chart for my investments in mid and small caps.. suspicion of reaccumulation , should be confirmed by the post spring change of character towards sos/markup.. else as mentioned the 52week ema change of character towards a resistance will potentially make this as a distribution schematics... proceedings will be updated as it goes... Not an investing/trading recommmendation Longby capsule911
The Panic Broth - MIDCAP INDEXDISCLAIMER...this is not an investing/trading recommendationby capsule914
BSE MIDCAP INDEX on a Bearish Bat!The BSE:MIDCAP went through the following events.. 1.A rounding top formation 2.Breakout of the neck line 3.Entered into a symmetrical triangle Projections... 1.Symmetrical triangle breakout 2. Bearish bat completion 3. Ichimoku green cloud in potential reversal zone 4.Price rejection by ichimoku cloud 5.Price reversal from prz(potential reversal zone) 6.downtrend restarts So a short term bullish vs a longer term bearish sentimentsLongby capsule910
midcap - trend /pe analysismidcap index is trading at high pe level as well as broke the trend .breakdown looks similar to breakdown of October 2016. stay cautious any long is not advisable . correction expected till 13256; 50% entrancement of move from December 2016 lows buying is not advisable by kacharts4
Trader's Q and AA trader has messaged me privately, has confessed that for past 6 years he had been trying hard to make TA & Elliott Wave work for him and its not turning around and shall he continue the effort or drop it? Shall he entirely drop stock market altogether? Answer: Whatever I will say here I will say on the basis of my own direct experience, will say only the truth and will say it boldly and directly. If it hurts anyone here, my apologies in advance. In my own personal experience, TA and Elliott Wave both do not work. People pick them up, because they seem easy, in forums like these everyone is using TA tools like trend limes, indicators etc, and also every other blog is dedicated to TA and EW only, so beginners also pick them up. Herd mentality is at play here - "because every one is using it, it must be working". But unfortunately that's not the case. Any tool which is being used by 80% of the people in the market is simply bound to fail. Look at the truth, TA is more than 100 years old, and still in the top 1000 richest people list you will not find any TA! But you will find many Value Investors, and value investing is hardly ever discussed in forums and blogs! Its not that there is absolutely nothing in TA, there are indeed some methods which work, but they have some capital drawdown which requires you to manage money very strictly and properly. You cannot deploy more than 30% of capital at a time while using them. And when you do that you also bring down your CAGR, so much so that your CAGR becomes much lower than what is available in value investing. There is no wonder that Value Investors keep dominating the richest list! Elliott Wave also does not go too far. There is so much of ambiguity in Elliott Wave (and mind it, I know Pretcher's Elliott Wave, Neo lliott Wave and also Harmonic Elliott Wave) that experts always almost differ in their counting till the time the move is complete. If its so much ambiguous how will you make money using it? My advise is that after 6 years of losses, please better quit trading. There are other avenues in life where money can be made. Do some kind of job, save regularly, make FDs etc. But please for God's sake do not give away your hard earned money for free to others. Also check Rupam's post which was on a similar line: by pankajvwUpdated 19196