Midcap Nifty (Midcpnifty) corrections since September 2024 have always started with double tops.
Price is now resisting at downward sloping trendline and a fresh doubletop formation is in-progress on the daily chart.
Short positions can be initiated with a stop loss at 12950 (closing basis), for targets of 1200, 11800 and 11500 respectively.
Price is now resisting at downward sloping trendline and a fresh doubletop formation is in-progress on the daily chart.
Short positions can be initiated with a stop loss at 12950 (closing basis), for targets of 1200, 11800 and 11500 respectively.
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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.