My midcap MF investment based on relative index strength.For better return you should always have an exit plan.
Is it a sell ? Lot of twitter handles are tweeting monthly and weekly RSI of Nifty Mid cap 50 in overbought zone. Do you think the euphoria phase is over ?
Disc : It's not an investment advise to buy or sell.
Breakout in Nifty Midcap 50...Chart is self explanatory. Levels of breakout, possible up-moves (where index may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am
End of correction / Pending Correction This week price movement will indicate End of Correction phase or it will stay for some more time.
Break of channel line will decide. HH & HL in play & previous Supply taken out by RBR.
Nifty Midcap 50 INdexA very strong correction has happened in Nifty Midcaps...
But are we out of woods yet.
This upside in the last couple of days is just a technical pull back form oversold zones...
I have market the possible hurdles on the rise and certain important levels of hurdle..
once technical bounce is comp
Nifty Midcap 50In Continuation to the Nifty Midcap 50 (Study attached for reference below)
Have marked important levels for November as well
Sell on rise near the levels marked...
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Nifty Midcap 50Approaching... Important Support...
8650-8700 should act as a good bounce back zone..
Once breach and closes not good for bulls..
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MIDCAP INDEXBooking all my long positions in midcap stocks and holding only quality ones as its a major resistance zone ie 2.618 extension of fibonacci
I wont worry if i go wrong or miss my profits. But will never ignore magical fib numbers
Stay cautious with the longs
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