#Cnxmidcap : Midcap rally looks risky#Niftymidcap100 index
18.10.2021
Risky Midcap rally
without Major Correction
CNXMIDCAP trade ideas
CNX MIDCAP at resistance pointCorrection may occur in Nifty Midcap. RSI divergence can also be seen. Be cautious.
Bearish Engulfing chart pattern in Niftymidcap100Bearish Engulfing chart pattern in Niftymidcap100
Nifty midcap stocks are under pressure if trend line is broken there might me maximum 5to6 % profit booking from current levels
MIDCAP INDEX REVERSAL???CRASSHHHHHH!!!!!! when everyone was shouting this, we were waiting for this trendline to hold and guess what guys, it did. SHAKE OFF looks like this but to be safe we will still wait for the follow up candle and start buying shares. SAFE TRADING!!!
CAUTION ON NIFTY MIDCAP 100 NIFTY midcap index has hit trendline resistance of 2008 -2018. after touching these levels in the past the small cap index has corrected very sharply. one should book profits and lighten their positions. the RSI has also reached close to 80 levels on the monthly charts. it indicates it has been overbought
NIFTY MIDCAP.... LOOKS LIKE IT IS SAFE NOW...The nifty midcap index had broken out of the resistance line.
This is not an idea to take blind positions in midcap stocks. If you are holding such stocks you can continue to hold as the index performs well now.
Fresh positions can be taken after careful analysis of technicals in individual stocks.
CNXMIDCAP : Falling WedgeCNXMIDCAP : Falling Wedge
Chart Pattern : Falling Wedge
We Can See good bull move in coming days in Midcap stocks
NIFTY MIDCAP | Major Support levelsNIFTY MIDCAP Important Support levels:
1) 70 EMA - 26700
2) Trendline Support - 25000
Keep an eye for reversal signs from their significant supports.
Nifty Mid Cap IndexLooks to be profit booking till now.
Aggressive Selling will come on break of 27000
Which can then make it move towards long term trendline. Keep n eye.
NIFTY MIDCAP100 | Chart Analysis21/8/21
- In trending market the index has taken major supports from 50ema multiple times
- Next support zone if 27000 is broken on closing, next support on 26500 levels
- Oscillators also going near OS zone, keep an eye
NIFTY MIDCAP... CAN WE SEE A RECOVERY?A massive sell-off was seen in almost all scripts of mid and small caps in nifty in the past few trading sessions.
The Nifty mid-cap index had retraced to 0.618 Fibonacci levels from its recent swing high, similar to the small-cap index.
We can see that the index had taken clear support at this level. I hope for a new swing from this level.
Please give your valuable comments on this analysis. Thank you.
NIFTY MIDCAP on uptrend supportMidcap and smallcap stocks are in a correction right now and many of our portfolios have midcap and small caps so don't panic anyone, it is just a correction and it is a part of the stock market. Stay calm, Stay invested and invest in fundamentally good midcaps and smallcaps. If anyone wants to buy fresh, they can definitely do it and accumulate good stocks in your portfolio. This correction might be also due to many IPOs in this month. The money for IPOs isn't new and is generally taken from the secondary market only. If the index breaks 26050, then more correction can come. Till then, no need to panic
NIFTY MIDCAP100We have broken out and we are in a raging bull market for sure. But timely corrections are always possible.
This trendline will be valid for all future corrections.
Keep an eye on it.
NIFTY MIDCAP analysis- 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
idea of support and resistance levels of nifty midcapplease analyze the marked levels before investing.
CNX MIDCAP/NIFTY50CNX MIDCAP/NIFTY50 in a clear uptrend relative to NIFTY. Fib levels indicated in chart
CAUTION ON NIFTY MIDCAP 100 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.
CNXMIDCAP100-WILL HISTORY REPEAT ITSELFNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Midcap Index- Hourly Double bottom and long setupMidcap index is making a shift towards upward trend.
Stocks have to be watch for buy setups.
