a very good heads and shoulder is forming. today even the market supported it. target to its support: 29500. other trend lines too drawn. - MY ANALYSIS.
seems correction is almost over and at a very crucial juncture
NIFTY MID CAp started recovering, and now its the time for its bull run. nifty 50 will complete its 5th wave with the help of different sectors who hgas started there bull run, which will make a space for nifty mid cap to make its impulse waves. i have link the nifty 50 analysis of this sept month, down below in the lins section, please do check it out, and let...
CNXMIDCAP is blasting and the operators are taking the prices higher.
big correction possible possible target levels marked
As per charts next move can be of 1000 points and there after 2000 points. What you say ?
Nifty Midcap 100 Index has broken twice the 12 year long term trend line since 2008 low. Finally now it rose above it re-tested the T/l and now bounces off this week. I would now dip into Midcap Index Funds. (not midcap mutual funds). let us see.
When you get bored seeing same thing on every chart.
MIDCAP - GO SHORT @ CMP WITH A SL OF 12675 AND A TARGET OF 12121 BY 13 APRIL AND A FINAL TARGET OF 11289
MIDCAP - BUY @ 12026 WITH A SL OF 11976 AND A TARGET OF 12500. TARGET SHOULD BE COMPLETED TOMORROW. RR> 1:9. GO SHORT AS SOON AS IT REACHES THE TARGET
MIDCAP : GO LONG @ CMP WITH A SL OF 11207 AND A TARGET OF 12361
MIDCAP HAS BROKEN THE NECKLINE IF HEAD AND SHOULDERS. CAN WE SEE THIS INDEX @ 8000
CNXMIDCAP100 took Lower Lower Support at 15300 RSI POSITVE DIVERGENCE in formation Target 15900-16700-17400
Nifty Midcap is also below the 10 year Trendline. SIP it as much possible. A bullish view is only above 18K and above that it may blast to ATH sooner. The wait is longer but it should be worth it.
Mid caps attempting to break 4 year EMA .. Looks like a early stage monthly fractal formation...if it breaks two moths consecutive, this will be a mother of all rallies in mid cap...