Trend Reversal in Nifty Midcap Index!
A change of character (CHoCH 1) can be seen in Nifty Midcap which signals trend reversal from bullish to bearish in 1 day timeframe.
Recently, another CHoCH 2 can be identified which further changes our view form bearish to bullish.
Now, price might come back to grab liquidity to follow it's current trend after ChoCH 2, ie , uptrend.
NOTE - We can be 100% wrong. It's not a buy/sell recommendation, just for educational purpose only!
Recently, another CHoCH 2 can be identified which further changes our view form bearish to bullish.
Now, price might come back to grab liquidity to follow it's current trend after ChoCH 2, ie , uptrend.
NOTE - We can be 100% wrong. It's not a buy/sell recommendation, just for educational purpose only!
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