MIDCAP100I see MIDACAP100 index very strong. In my opinion it is heading towards previous high.
1. Crossed previous top
2. RSI also showing positive compared to previous high RSI. Infact its above all high since July.
3. FII turning towards buy though in small numbers.
4. Taken a strong support nr 200 DMA
My view might be changed if it closes below 57600.
Bullishview
Morning Mantra - 17th April 2023Dear All,
So, it has been back to back two weeks now, that we have been witnessing the magic of the Morning Star formation on the weekly chart of Nifty.
Moreover, we have observed a V-shaped recovery in the Index, i.e., from 17800 to 16800 and then from 16800 to 17800.
Well as of now, the Index is trading at a very crucial level of 17800 . Wherein, at this particular, we can still keep following the Cherry picking strategy with the stop loss of 17300.
Above 17800, our next level of target will be 18170 .
In the meanwhile, be a little cautious due to the Result season and start rebalancing your portfolio .
Happy Trading!
Regards,
Alok Daiya
SEBI Registered Research Analyst
Amara Raja BatteryBuy At 632
Stop Loss 607(CLOSING BASIS)
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS POST. DON'T FORGET TO SUBSCRIBE.
COMMENTS WRITE DOWN BELOW OF THIS Chart...
THANK YOU...
~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only.
NMDC👉NMDC has successfully broken the triangle
and retesting at the support.
👉We could see an effective upper side
movement by bulls in upcoming days.
👉Great buying opportunity Don,t miss it.
Analyse more and take your position after
the retest is successful.
👉If it doesn't break the support we could have
a huge profit.
👀Keep an eye 👀
Volume ✔️
Technicals✔️
Financials✔️
Overview ✔️
Fundamentals:
▪️Stock passes majority of CANSLIM
investment criteria.
▪️Growth in Net Profit with increasing Profit
Margin.
▪️Company with low Debt.
▪️Increasing profit every quarter for the past 3
quarters.
👆Follow for more alerts👆
😊Happy Trading 😊
Note:Patience is a key to success.
Disclaimer: This is my personal analysis for educational purpose. I am not sebi registered. Do your analysis before taking a position. I am not responsible of any profit or loss.