Some resistance is expected in near time. Book longs and stay in cash
CNX MIDCAP/NIFTY50 looks a little bearish from here on
For Educational purpose
midcap50 to nifty 50 performance chart
Is it time for small cap ? it seem compare to small cap mid caps were outperforming. We may see rotation if the line is broken on downside.
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...
cnx nidcap 50 7 aug 20 piercing gap with wr candle
Nifty Midcap weekly chart analysis - We can observe that it has been trading within a channel since early 2018. A breakout could lead to a fresh bull rally.
Nifty Midcap index is trading at critical level. support exists @ 4280-4300, any drop beyond it will cause more pain towards 4000 levels.
Nifty mid and small cap index was under complex correction. Correction will complete within 3 to 4 month after price break trendline .Stock are already bottoming out .
Nifty Mid 50 in downtrend. Tend line confirm trend.
Midcaps have had a smart up move since the past fortnight and the Midcap index has reached a level where in it had faced resistance and went through distribution and gave way. Today at the day's close, it reached the same level and formed a Doji kind of pattern which indicated indecisiveness. The Rsi has reached a level where in a pullback on the downside might...
4450-4350 CRITICAL RANGE FOR MID CAP INDEX.PANIC SELLING COULD BE HAPPENED AFTER THAT LEVEL.
Nifty Midcap broke trendline and gave close below trendline if it sustain below it will crack more on downside