capsule91
Long

BSE MIDCAP INDEX on a Bearish Bat!

BSE:MIDCAP   S&P BSE MIDCAP INDEX
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 sentiments

Comments

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