Nifty midcap is on support levelNifty midcap is also on important support level. It may break the support level and then show sharp up move...
CNXMIDCAP trade ideas
BookProfit🔴 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.
NIFTYMIDCAPSIt 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
May God have mercy on investorsThis 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.
Index Analysis - Nifty midcap 100 touched upper trend linesSimilar to Bank Nifty, Nifty midcap 100 index touched multi-year upper trend line. Time to be cautious ?
Nifty Midcap 100 – 3 signals to go LongNSE: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 2 above is high as similar resistance stands broken by Nifty Small Cap 250 Index on December 9 and confirmed the same on December 10.
Conclusion:
Once the resistance (as mentioned at 2 above) stands broken, the first resistance will be at 32,230 level.
For educational purposes only.
NIFTY MIDCAP 100 SHORTNifty midcap 100 has made a double top with a swing low ( higher low ) on daily timeframe we would see a drop in auto sector since then.
Newbie's Corner - Have you given your best in trading?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 capacity? It is nothing but your trading execution skills.
Lets see an example. A big ship sailing in a sea got a hole in the bottom and water is rushing inside the ship. Though the ship’s sailing capacity is good, it will sink because of the hole.
Similarly if you don’t improve your trading execution, whatever knowledge you have gained in market wont help you to make money. Trading execution skills can be developed as human beings are capable of learning anything they desire. So today, sit peacefully and think whether you have given at least 1% effort to improve your trading execution.
Remember there is always a light after the dark. Similarly whoever take proper efforts to improve their trading skills will definitely become a profitable, consistent trader. Have you given your best in trading?
#Cnxmidcap : Midcap rally looks risky#Niftymidcap100 index
18.10.2021
Risky Midcap rally
without Major Correction
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.
