* Those who are trading hOrizontal breakout , horizontal breakout is stilll panding. { ON VERGE OF BREAKOUT}
*Tredline breakout is done and give a good bullish candle
* Start analysis of all midcap stocks and find out which are either on verge of breakout or just breakout
* Some stocks are on verge of breakout.
*I will upload analysis...
Midcap Index is at Resistance now. Need to be bit careful, however if it breaks out then it will be good to pick some stocks for coming weeks in Midcap index for cash swings
Keep on radar for reversal/pull back levels in CNX Midcap. 38.2 % level of Fib retracement is not so far. Breaking down this level will open 50 % level of fib retracement.
Be Cautious Double Top Pattern (trend reversal ) at Nifty Midcap Index weekly chart.
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two...
We have seen the pre COVID era when market was moving at a regular pace. MIDCAP was recovering after the fall of 2017. But suddenly as the dawn of 2020 we witnessed a huge crash.
As the crash was so sudden that is why most of the investors got panicked and we have seen a devastating sell-off. Though the fall was gigantic but the recovery was even bigger. In just...
🔴 CNXMIDCAP index is weak & has given a RST-SAR sell signal
🔴 RSIStairs trend is bearish on daily scale. Trading below 50.
🔵 Right time to book partial profit from the midcap stocks.
This is Monthy chart of Midcap Index. Do I even need to say anything?
Edit: Apply 100 SMA on monthly Time frame and you will see it has taken support on 100 SMA after every correction.
First in 2009, second in 2013, third in 2020. So the target should be around 100 SMA.
NSE: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...
Many traders even after few years of experience in trading are still struggling to make money. They have improved their technical knowledge. They know when the price is going to give big move, but still unable to make use of that knowledge. Why?
When you are improving your technical knowledge, developing your trade set ups, are you increasing your trading...
NSE 
