Should you buy small and mid cap stocks now?Nifty Mid Cap 50- CMP 16840
Twist in the tale!!
Elliott- The iiird wave correction has halted at fib con at 16650. Expect a rally from here to 17200 which will complete the iv th wave and then the vth wave downfall will bring it down to 16,300. The story doesnt finish here. There will again be
Nifty MidCap 50 Index
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Nifty MidCap 50 market breadth
Advancing and declining
AdvancingDeclining
2822
Net advances
+6
A/D ratio
1.27
Up / down volume
76% / 24%
New highs and lows
−20%
−10%
0%
10%
20%
5D
1M
3M
1Y
−12
−6
0
6
12
New highs
New lows
Net highs, %
Above moving averages
20-day18%
50-day24%
200-day36%
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
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.









