-The Midcap sector showed great realitive strength yesterday when the Nifty was down and Midcaps were up. This happened after a long time. Weekly chart -Sector breaking out of a falling wedge pattern on the weekly chart. -Found support at 50% Fib retracement. -Bullish divergence on stochastic. -Converging MACD lines.
Daily chart -Bullish divergence on RSI. -Triple bullish divergence on Stochastic. -Quadruple bullish divergence on MACD. -MACD line crossing over 0.
Not an investment advice, do your own dude diligence.