MIDCAP index.. not going anywhere..MIDCAP index faced stiff resistance on weekly cloud, weekly trendline, and also weekly 50 dma..
looks weak.. and there is no pick up in earnings of the midcap.. be cautious if you are investing..
CNXMIDCAP trade ideas
CBX MIDCAP VIEW UPDATED- CMP 17750CNX MIDCAP AS LAST POSTED HAS TAKE DIP FROM TRENDLINE RESISTANCE
NOW NEXT UPMOVE LOOKS LIKE POSSIBLE ABOVE 17800
LETS HOPE BEST WITH FINGER CROSS
CNXMIDCAP WHAT COULD IT BE A STIFF RESISTANCE OR BREAKOUT COME ?CNX MIDCAP IS AT TRENDLINE RESISTANCE LET SEE HOW IT WORKS IN THIS WEEK DOES IT AGAIN FACE RESISTANCE AND CAME DOWN OR THIS TIME BREAKOUT WILL HAPPEN OUR OF SLOPPY CHANNEL
Mid Cap : Is it an early signal for broad bearish trend ?CNX Mid cap Index is consolidating in 18500-16000 range. Falling trendline should provide resistance at the upper level. H&S pattern is clearly visible on daily and weekly chart which is also supported by death cross (50 DEMA below 200 DEMA). Target of H&S is 13300 but we can see visible support at 13600 (arrow). ADX is showing mixed trend for market as both +DI &-DI are reading at 30-31. Trader should treat this bounce as continuation of sideways to downward trend. Reversal from downward trend will be only on close above 18500.
Any bounce towards 17700-18000 range should be used to create short with stop loss of 18500(daily closing) for target of 13600. Support is at 16200.
Divergence : Mid Cap 100 Vs Nifty 50Explained on chart. There is no such history of events which can be used to predict future trend. Normally, mid cap stocks in the last leg of bull run. Here, we are seeing contradictory picture. Bull run doesn't look broad based as only few of the stocks have contributed in rally which is not a good signal. Also if we see mid cap performance since the high of 2008 then we find minor alpha return over taking major market risk.
CNX midcap 100.. critical zonemidcap index is at important reistance.. 100 weekly mov avg and weekly trendline from top..
would be very tough to cross easily..
but if crossed it can get super bullish..
Mid cap index test trendline resistance succesfully.Mid cap index test trendline resistance successfully.
and gave close below tredline which is a bearish sign.
closing above trendline then we can go long otherwise short.
NIFTY MIDCAP 100 - Whats in store?MIDCAP 100 index has been in a trading range from the past one month.
This is very unusual for this index as it normally tends to be very volatile.
Midcaps have been weak all through this 900 point nifty rally so a correction in Nifty may trigger a deep correction in Midcap stocks.
Watchout for a breakout on either side....
The Midcap Carnage is Over. -The Midcap sector showed great realitive strength yesterday when the Nifty was down and Midcaps were up. This happened after a long time.
Weekly chart
-Sector breaking out of a falling wedge pattern on the weekly chart.
-Found support at 50% Fib retracement.
-Bullish divergence on stochastic.
-Converging MACD lines.
Daily chart
-Bullish divergence on RSI.
-Triple bullish divergence on Stochastic.
-Quadruple bullish divergence on MACD.
-MACD line crossing over 0.
Not an investment advice, do your own dude diligence.
Nifty and MIDCAP corelationSince march 2018 Co relation between these two index is missing.
Question is will nifty correct or will midcap rise...?
MIDCAP100#MIDCAP100 trading at the important level there is support at level 16,100 to 17,600 if Mid cap break level of 17,600 then we can see the level of 16,100.
#MIDCAP100 if stock able to hold the level of 17,600 then we can see the level of 20,200.
@in_tradingview
Midcap Nifty 100 - Dlog - @ trendline support (risky long)Midcap 100 @ trendline . Some bounce likely here
Nifty Midcap Positive divergenceThere is bullish divergence that appears on the Nifty Midcap Index, even while the Index trades near the lows the RSI is making higher lows. This is also the Index which went into correction first (in Jan),in that context the broader market may be indicative of something positive
CNXMIDCAP 100 - Will it fall further.?CNXMIDCAP 100 - Will it fall further.? .. not a good sign, stay cautious. Today's closing is crucial.
