Booking 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
-Takne support of 50 MA
- Created hammer after downtrend
- if sustain today then we may see good up move in midcap
- find good stock of midcap and good to add in portfolio
This is just my personal view and for educational purpose
Nifty Mid cap Index has been in Downtrend from January 2018. Many Midcaps have recovered with a V shape recovery. They are facing a short term resistance which if it clears, they will continue to rise to previous high. Hence hold on to your Mid caps and keep adding more once the breakout happens.
Overall Mid caps are healthier because of their attractive...