As we have discussed in previous educational messages. By selecting the indices that are looking strong we can get a range of stocks that can do well. From that basket of stocks you can then further scrutinize and select the stocks that might preform the best based on charts and fundamentals of the companies.
This week let us look at the Mid-Cap index that took...
Multiple rejections from hourly resistance indicate that the index is still declining, so be defensive when opening the long positions above 10,575.
Intraday Range: 10,575 to 10,460
Long above 10,600 ( 25 points buffer to avoid the fake breakout )
Short bellow : 10,460
Nifty Midcap Index
The most after index after Nifty 50.
Super Run up so far...
I think its nearing good resistance...
So keep an eye on your midcap portforlio
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Baaki Market is Supreme..
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*TATA CHEMICALS*
Time Frame: daily
Observation:
* Life Time High Breakout
* Overall Good Strength in Midcap Stocks
* W Pattern Break Out
Resistance/Target: 1282 1425 1568 1656
Support: 1050 773
1. Midcap Sensex Has fallen below the Channel and Taking support at crucial Juncture
2. if it falls below 200 EMA down trend will follow
3. uptill 10 % its said to be correcting , so far fallen around 12 %
4. Its forming a pin Bar candle , Confirmation candle forming above the previous Day closing is a reversal and below will be a down trend
5. Ready with the...
