Midcap100 multi-year multimonth breakout done ✅ Targets 36000/40000/50000 any dips upto 31000/30000 in future will be good buy for next big bull run in midcaps Next 6/12 months can be very good for midcaps
NSE:DALBHARAT
Stock is continuously making Higher High & Higher Low Pattern
Current Price trading above all major Weekly Exponential Moving Avgs
RSI in Bullish Zone
Tgt: 2140 - 2350 - 2680
SL : 1675
Upside Potential : 40%
Time Frame : 3 - 12 Months
Booking all my long positions in midcap stocks and holding only quality ones as its a major resistance zone ie 2.618 extension of fibonacci
I wont worry if i go wrong or miss my profits. But will never ignore magical fib numbers
Stay cautious with the longs
- There is RSI divergence on weekly time frame
- Also on the same time frame there seems to be formation of a Rising Wedge Pattern
- The "horizontal" trendlines and the box can assumed to be key support levels before further movement
The MIDCAP 100 Index has touched a decade old trendline, in the past 3 instances since 2008 whenever this trendline is touched the index has gone for a long and sharp correction. It would be ideal to book some profits and wait for correction to deploy capital later.
CNXMIDCAP (MONTHLY):- MIDCAPS INDEX BREAKOUT DONE IN MONTHLY TF & TARGET 26K WITH SL OF 16K WCB
#Disclaimer:-I just shared view for only educational purpose.
DEAR ALL POLICY MAKER AND MARKET MAKERS,INVESTORS,FUND MANGERS
I COMPARED NZX EXCHANGE SMALLCAP AND NIFTY MID AND SMALLCAP 400
SEE STILL OUR COMPANY NOT BOOM STRONG GIVEN TO SUPPORT ALL MSME INDUSTRY MORE FUNDING POLICY EASY MAKE TO ECNOMY RECOVER
It is wise to focus on quality midcap stocks , than the broader index.
The Thursday correction has not impacted this index much, strong uptrend is intact.
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.
Case 1 : Bears come back - Midcap index falls further by 25-30% & new high occurs in 18-20 months ( March 2021) thereafter
Case 2: Bulls take charge from here on & index hits / crosses new high in 10-13 months ( Aug-Oct 2020)
CNX Mid cap Index is consolidating in 18500-16000 range. Falling trendline should provide resistance at the upper level. H&S pattern is clearly visible on daily and weekly chart which is also supported by death cross (50 DEMA below 200 DEMA). Target of H&S is 13300 but we can see visible support at 13600 (arrow). ADX is showing mixed trend for market as both +DI...
