Since Feb 2016 low in the midcap@2633--It has moved to current highs @3640... Midcap could be running into 5th (let say red wave -not shown or counted) within v-th blue wave-shown as question mark...which is within 5th Yellow Wave...so effectively we are into nested structure...5th red wave...within v-th blue wave...within 5th -Yellow Wave....& Seriously lot of Euphoria has been created ...At these times one has to be extra cautious...Anytime Bomb can explode....you know what happens when bomb explodes ...for sometime...you won't even realise what has happened & every one will start running for shelter....
One should also be careful with Nifty as well.
Abhishek H.Singh, CMT
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ