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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