midcap has broken it's daily trednline support. Buy above 35843 target 35919,35997 sell below 35676 target 35555, 35373
The midcap index has broken out from a consolidation patterns and has made all time highs, this is generally a very bullish development and we will perhaps see a lot of the stocks in this universe break out as well.
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
Nifty Midcap After hitting ATH OF 32.7K it is facing resistance at the level, hitted the level thrice in due course trying to cross this band,. This time RSI has given breakout, looking forward for index to give strong breakout. Expecting this to happen after this week shakeout.
* 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...
The nifty Midcap 100 is very close to the top, will it break out from the previous resistance?
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.
Nifty Midcap upcoming grow and decline chart for future
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...
wave 5 in progress. midcap #bullish view. if recent swing low is held. if recent swing low is not held then will update with alt count.
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...
Nifty midcap is also on important support level. It may break the support level and then show sharp up move...
🔴 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.
It is near the upper end of the channel. Profit booking is advisable and if goes above channel firmly then re-entry can be made over there
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.
Similar to Bank Nifty, Nifty midcap 100 index touched multi-year upper trend line. Time to be cautious ?
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...