NIFTYMIDLIQ15 near major RANGE breakout

NIFTYMIDLIQ15

Time Frame – Weekly

Observations:-

* Consolidation & Range formation BETWEEN 6400-8000 range
* Range BO above 8000
* Symmetrical Triangle pattern form within range
* RSI also trading in channel pattern
* Keep eye on this Nifty midcap liquid-15-components stocks
1. Ashok Leyland
2. Balkrishna Industries
3. Bharat Electronics
4. Bharat Forge
5. Cholamandalam
6. Federal Bank
7. LIC Housing Finance Ltd
8. Page Industries
9. RBL Bank
10. REC
11. SRF
12. Shriram Finance
13. TVS Motor Company
14. Voltas
15. Zee Entertainment


DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.

Comment:

Please ignore the above 15 stocks name

Top constituents by weightage
1. AU Small Finance Bank Ltd.
2. Indian Hotels Co. Ltd.
3. Federal Bank Ltd.
4. Shriram Transport Finance Co. Ltd.
5. TVS Motor Company Ltd.
6. Zee Entertainment Enterprises Ltd.
7. Bharat Forge Ltd.
8. Ashok Leyland Ltd.
9. Jindal Steel & Power Ltd.
10. Container Corporation of India Ltd.

Link given below for more details about this index
www1.nseindia.com/co...midcap_liquid_15.pdf