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.
Midcapanalysis
MIDCAP Select Analysis & Many reasons to short with Small SLWe have explained everything in the chart. Please refer to it.
Let us know your thoughts in the comment section.
Thanks,
Team Wavemoku
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
MIDCAP MATHEMATICAL LEVELS FOR THIS EXPIRYThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
nifty MIDCAP analysis (technical analysis with smc)price was in upstrend following higher high and higher low
on friday price broke the higher low, it was the first sign of trend change
on momday it was like pullback as price made internal (lower time frame higher lows)
but got resisted at fib 0.5 projected from recent high to recent intraday low or friday low
as smart money concept if the pullback has to sustain the price and insitutional will be interested at buying on higher low zone of 38500 or 38380
if price breaks the friday low and forms a lower high
then price might fill the previous gap which is pending at 38150