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...
NIFTY MIDCAP ON MAKE OR BREAK LEVEL... RSI DIVERGENCE SEEN .. NOT SURE... ONLY EXPERTS CAN TELL IF TURNAROUND ROUND THE CORNER?
The midcap index continues it's down trend after breaking a 1.5-2 month long consolidation near a crucial price action zone. Valuations remain stretched given the low earnings growth. Most mid & small cap companies will see lower prices.
Taking Trendline Support Falling Wedge 17700 Support / Demand Zone RSI Divergence
Taking Trendline Support Falling Wedge 17700 Support / Demand Zone RSI Divergence 50% Fibonacci Retracement Waiting for Weekly Closing above 18330 for formation of Bullish Hammer in Weekly
Nifty Midcap 100 might go down to 16800 in wave (4)
note on chart on mid jan i was booking longs in sip and looking for short oppty... all paid out nice
we r in w3 of w3 time for w3 to complete appro nov 2020 - mar2021
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