Short

Updated

Midcp nifty healthy correction forcast

Healthy 0.23 levels fibo correction should come in midcap nifty if it has to go far away. The chart looks very simple but it's the most effective way to judge market waves.

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121 points fall today.

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retracement started.

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This is also comming soon

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Now midcp turn. 9800 should come. 10% correction expected before it takes next bullrun.

Look at my below analysis for BN a month ago well in advance.

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Fall is started already.

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Follow this anaysis now. Can see 500-700 points fall in midcp nifty soon.

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Solid retracement done from recent swing low. It could go further up now for sometime.

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Target till monday.

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at make or break level.

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Bollinger contraction. Should blast on either side in 15-20 mnts.

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One simple & solid trade milega ones this levels broken.

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The time is not far.......

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never the less. tomorrow will be the day. May be.......

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Extremely bearish pattern. it fails rarely. The only thing is how long it holds there.

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Gajjab, unbelievable rally in mid caps.

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Predicted few days back only. Taken many scalping trades in between since monday on this. Now it has broken major level. will update tomorrow because news based action can happen tomorrow thats not called price action.

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If you see the bigger picture in 2hr timeframes. midcp is still in the big accending pattern channel. Bottom of the trendline is way far now. But as per bollinger bands we can see further 300 points fall from given level. Then again we can think about further trend. But if it breaks the bottom trendline then there will be huge reversal trend.

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Solid selling pressure seen as per expected.

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closing above 11000 mark will be considered as always bullish.

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Closing is below 11k mark. First bearish sign.

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Long side.

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SL hit and reversed. Taken again with similar move and good day.

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closing below 10850 will drag it more. Please see clear picture in day timeframes below. Smarts will understand it.

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You cant say exactly when. But whenever 11000 breaks 1st alert then below 10980 to 10860. And ones 10860 breaks 10700 next. And after 10500 no limits.

ashishhc

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ashishhc