$NSE:MIDCPNIFTY1! Will test 8400 ?Dear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:MIDCPNIFTY1! I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 9150-9200 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 8400 In Downmove.
Resistance Levels to Watch out.
R1= 9100
R2=9250
R3=9400
Support Levels To Watchout.
S1= 8600
S2= 8400
S3= 8200
As always, please remember that investing involves risks, and it's important to carefully consider your options. If you have any questions or would like to discuss this further, please don't hesitate to reach out.
Best regards,
Ajay M
MIDCPNIFTY1! trade ideas
MIDCAP Nifty Looks BearishAs per technical analysis and OI Data NIFTY MICAP looks Bearish if its break 8350-30 Level with volume.
If anyone is ready to take risk can go with it.
Sell NIFTY MIDCAP Aug Future Below 8340, Stop Loss 8470 Target 8250,8200,8150,8100
This trade should be taken with Trialing Stop loss.
Investment required = 78000
Maximum Loss = 9750
Profit upto = 18000
Only For Educational Purpose.