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The MID Cap index took support and bounced back. The level from which the index bounced was very strong inflection point. Two back to back bullish candle with good volumes indicates real interest in the stock. Moreover there is a long term positive signal in RSI and MACD is positive with bullish bias. All these indicate that mid caps may pick up pace in coming weeks.
Only for education and information purpose. Should not be taken as a trading call.
CLOSING ABOVE 50 WILL GIVE A GOOD MOVE IT UP TO THE RANGE OF 70, 74
CHART BY HARMONIC LEARNING AND EARNING