A strong rally on the wayNifty Mid cap 50 CMP -17k
Elliott- the deep correction is the c wave which has its own 5 waves. Hence I know the correction is over. The rally is the start of a new impulse wave. The dip is the wave 2 and now wave 3 will commence.
Breakout - the retest of the breakout zone on the weekly chart on
Nifty MidCap 50 Index
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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
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
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Displays a symbol's value movements over previous years to identify recurring trends.









