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MIDCAP

Rounding Bottom-Reversal in long-term price movementsBHEL, a midcap stock, technically formed an interesting price action. Looking at the monthly chart, you can see the rounding bottom. Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. If the price action were respectable, we could expect a multi-year break out. I'm hoping that any positive trigger from here will also ensure that the current range does not break. On the daily chart, there is a trend line. If that is broken with strength, it is good to add in to the long term portfolio.
NSE:BHEL
by Manuadarsh
LT FOODS DAILY CHART ANALYSIS AS ON 26.12.2021LT FOODS as per daily chart analysis stock above 79.45 for a target 81.45 level and resistance at 82.45 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
NSE:LTFOODS
by UnknownUnicorn19608572
SHARDA CROPCHEM DAILY CHART ANALYSIS AS ON 26.12.2021SHARDA CROPCHEM as per daily chart analysis is in brief consolidation zone and on 24.12.2021 it had tried to break consolidation. Stock above 345 level for a target 355 level and resistance at 359 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
NSE:SHARDACROP
by UnknownUnicorn19608572
ISGEC HEAVY ENGINEERING DAILY CHART ANALYSIS AS ON 26.12.2021ISGEC HEAVY ENGINEERING as per daily chart analysis after a brief consolidation the stock has broken consolidation and also the resistance 641 level. Stock above 660 level for a target 680 level and resistance is at 709 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
NSE:ISGEC
by UnknownUnicorn19608572
Nifty Midcap 100 – 3 signals to go LongNSE:CNXMIDCAP Observations: 1) It has taken support at Gann Fan line 2/1 at 45 degrees drawn from the bottom of March 23, 2020 low. This confirms that 21 months old uptrend in Midcap is still intact. 2) It is near to break resistance line of the downward parallel channel formed since October 19, 2021. 3) Probability of breaking resistance line mentioned at 2 above is high as similar resistance stands broken by Nifty Small Cap 250 Index on December 9 and confirmed the same on December 10. Conclusion: Once the resistance (as mentioned at 2 above) stands broken, the first resistance will be at 32,230 level. For educational purposes only.
NSE:CNXMIDCAPLong
by Rajesh_Ramchandani_Delta