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Nifty MidCap Select Index

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NIFTY_MID_SELECT trade ideas

Heikin Ashi + RSI: Clean TrendFor traders who prefer clarity over noise, combining Heikin Ashi candles with the Relative Strength Index (RSI) can help reveal clean trend setups and momentum confirmations. This duo is especially effective on TradingView for identifying smoother entries and exits. What is Heikin Ashi? Heikin Ashi is a chart type that modifies how candles are calculated: It averages price data to create smoother trends. Green candles indicate uptrends; red candles suggest downtrends. Wicks are often shorter, reducing market noise. What is RSI? The Relative Strength Index (RSI) is a momentum oscillator ranging from 0 to 100: Above 70: Overbought (potential pullback) Below 30: Oversold (potential bounce) RSI also helps confirm trend strength and entry points. Why Combine Them? Heikin Ashi filters out noise, making trend direction easier to identify. RSI validates the trend with momentum strength. Together, they help you enter trades with higher conviction. How to Trade It Identify trend direction with Heikin Ashi candles. Consecutive green candles = uptrend Consecutive red candles = downtrend Confirm with RSI: RSI above 50 supports bullish trend RSI below 50 supports bearish trend Look for divergence or reversals using RSI near overbought/oversold levels. Using on TradingView Select Heikin Ashi from chart type options. Add RSI from the Indicators tab. Use both together to align entries with the trend and strength. Conclusion This clean, visual strategy is perfect for traders who want to reduce whipsaws and act on strong signals. Whether you're swing trading or intraday trading, Heikin Ashi + RSI can bring clarity to your charts.
NSE:NIFTY_MID_SELECT
by Dhan
Nifty Mid_Select IndexHello & welcome to this analysis From July 2022 to Sep 2024 it appears to have completed an impulse 5 waves up structure forming a Primary Wave 1 From Sep 2024 to Apr 2025 is a corrective ABC wave that has done a 38 Fibonacci retracement. While it is too early to suggest whether that zigzag fall was a Primary Wave 2 or Wave A of B. The unfolding in the daily time frame suggest the probability of the former and start of a Primary Wave 3. A weekly close above 13250 would increase the conviction of an impulse wave for probable levels where it could make swing highs along its path at approx 14300, 15000, 18000 & 20000. Keep in mind where I have plotted Intermediate Wave 3 could also be an expanded Wave B. Therefore, keep an alternate count in hand till it gives more and more confirmation for bullishness. I am going with the probability of this being a bullish structure as of now All the best
NSE:NIFTY_MID_SELECTLong
by Dinesh_C_Nagpal