NIFTY MIDCAP 100

NSE

CNXMIDCAP

NIFTY MID CAP 100 = TARGET 28000 TAKING SUPPORT @ 61.80 PERCENT RETRENCHMENT AND CHANNEL BREAKOUT

both r trading at crucial juncture wait for a decisive break for long

buy long

Mid cap 100 have made a fast run in the past making an contracting flat in the middle ( wave 2) and jumped the Guns , Now the current drop is very slow and it shows clear indication that it will high likely will make one more drop before making an turn around I am plotting on the best possible pattern suites to current price move , I am looking the end of...

Will it find support at the flat line below = 12% or equal to the height of the triangle

CNXMIDCAP index broke below curcial support level of 16150 to continue its downward journey towards next support level of 14100. Trade on the short side. Current level is 15700 with target of 14100 and stop above 16150 gives a risk:reward ratio of 1:3.55 Though we cannot directly trade midcap index similar to nifty and banknifty.. Point is to select midcap...

That should take us to multi year support line that can be traced all the way back to 2015

There is a Head and shoulder setup on Cnxmidcap weekly chart. The neckline is forming around 16000 - 16300 zone. It should not breach that level and give weekly close below than that. Otherwise it will open up 2000 points downward space. Ofcourse Midcap index is not trade-able directly. However many people are routing their money through SIPs in many Midcap funds.

Interesting. we are near. very close to what could be a turn around! a whip or straight reversal. need to see

MIDCAP index faced stiff resistance on weekly cloud, weekly trendline, and also weekly 50 dma.. looks weak.. and there is no pick up in earnings of the midcap.. be cautious if you are investing..

CNX MIDCAP AS LAST POSTED HAS TAKE DIP FROM TRENDLINE RESISTANCE NOW NEXT UPMOVE LOOKS LIKE POSSIBLE ABOVE 17800 LETS HOPE BEST WITH FINGER CROSS

CNX MIDCAP IS AT TRENDLINE RESISTANCE LET SEE HOW IT WORKS IN THIS WEEK DOES IT AGAIN FACE RESISTANCE AND CAME DOWN OR THIS TIME BREAKOUT WILL HAPPEN OUR OF SLOPPY CHANNEL

Explained on chart. There is no such history of events which can be used to predict future trend. Normally, mid cap stocks in the last leg of bull run. Here, we are seeing contradictory picture. Bull run doesn't look broad based as only few of the stocks have contributed in rally which is not a good signal. Also if we see mid cap performance since the high of 2008...

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...

follow

follow the mentioned level

midcap index is at important reistance.. 100 weekly mov avg and weekly trendline from top.. would be very tough to cross easily.. but if crossed it can get super bullish..

Mid cap index test trendline resistance successfully. and gave close below tredline which is a bearish sign. closing above trendline then we can go long otherwise short.