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...
Nifty 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.
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...
#Niftymidcap100 index 18.10.2021 Risky Midcap rally without Major Correction
Correction may occur in Nifty Midcap. RSI divergence can also be seen. Be cautious.
Bearish 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
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!!!
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
Maximum downside Follow me only if I will become right.
Just for study do not use this to make buy sell decision
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 Wedge Chart Pattern : Falling Wedge We Can See good bull move in coming days in Midcap stocks
NIFTY MIDCAP Important Support levels: 1) 70 EMA - 26700 2) Trendline Support - 25000 Keep an eye for reversal signs from their significant supports.
Looks 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.
21/8/21 - 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