midcap - trend /pe analysis
midcap 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
[for pe referance
historic-pe-ratio.weebly.com/nifty-midcap-50-pe-chart.html]
buying is not advisable
stay cautious any long is not advisable . correction expected till 13256; 50% entrancement of move from December 2016 lows
[for pe referance
historic-pe-ratio.weebly.com/nifty-midcap-50-pe-chart.html]
buying is not advisable
KA
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
KA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.