BSE MIDCAP INDEX on a Bearish Bat!
The 
MIDCAPwent 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 sentiments
MIDCAPwent 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 sentiments
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