MIDCP nifty making Head and shoulder and near support dailyMidcap nifty index MIDCP making head and shouler pattern in daily timeframe also at crucial trendline support breaking below create more panic till 11850,11600,11380.
Niftymidcap50forecast
NIFTY MIDCAP - SHORT TERM RESISTANCENifty Mid cap Index has been in Downtrend from January 2018. Many Midcaps have recovered with a V shape recovery. They are facing a short term resistance which if it clears, they will continue to rise to previous high. Hence hold on to your Mid caps and keep adding more once the breakout happens.
Overall Mid caps are healthier because of their attractive valuations. Many mid caps P/E are below 20 and try to choose a undervalued mid cap which is debt free.
