MIDCAPMidcaps are at inflexion point. From here it may starts good outperformance. But let's wait for breakout and then go for it
CNXMIDCAP trade ideas
NiftyMidCap : Probable Breakout and Historical perspectiveNifty MidCap is exhibiting good strength presently.
There are three key Intervals in time I want to highlight.
>> Early 2018: There was a breakout in Relative Momentum and Price, but very soon the price as well as Momentum retraced and what followed was 2 years of MidCap correction.
>> COVID Bottom: By 2020 the MidCap correction was coming to an end, the index was preparing for a rally, COVID happened. There was a big correction in price, but the upward sloping Relative Momentum trend line never broke. This is when the biggest MidCap rally of the decade started!
>> Present Day (6th May 2023): MidCap index is 3.5% away from ATH, 9% away from the last Swing Low. It's better to not get biased by what happened in early 2018 and analyse the present situation at face value. Hence, on the lookout for new leaders (sector/individual stocks) if there is a possible STAGE 2 from this point onwards.
|| Will keep this Idea up-to-date, so better follow the same ||
NiftyMidCap: Neutral: Breakout in ProgressThis is a typical Breakout happening in the Index.
Notice the Relative Momentum chart in the bottom half of the chart.
These kind of breakouts will typically re-test the breakout zone once more.
Midcap 100 IndexThis index also showed nice pull back from lower levels...
How much steam left ???
With the results season on i feel 30742 is an very important level.
Closely watch this level on Closing basis for a breakout / price rejection..
Happy trading...
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Avoid Midcaps: not in good Risk/Reward zoneThere is a high probability of 2018 kind of slowdown in Mid/Small Caps.
>> My weightage in Mid/Small caps has reduced to less than 25% of portfolio.
>> Unless previous highs for the Midcap index are taken out, I will stay with same or further reduce.
Midcaps looks stronger than smallcap.Look for opportunities in Midcap.
RSI Divergence played In midcap and is now sideways.
In Sideways market you can plan both Long and Short trades.
NIFTY MID CAP, TARGET- 29500 H&Sa 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.
NIFTY MID CAP, TARGET- 33630NIFTY 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 me know your views.
Breakout in Nifty Midcap 100 (Weekly)As per charts next move can be of 1000 points and there after 2000 points. What you say ?
MIDCAP 100 Index - Bounce after Support at 12 Year T/lNifty 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.
MIDCAP - GO SHORT FOR A RR > 1:10MIDCAP - GO SHORT @ CMP WITH A SL OF 12675 AND A TARGET OF 12121 BY 13 APRIL AND A FINAL TARGET OF 11289
MIDCAP - LAST UPMOVE IN THE INTERMEDIATE TIMEFRAME TOMORROW?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
CAN WE SEE MIDCAP @ 8000MIDCAP HAS BROKEN THE NECKLINE IF HEAD AND SHOULDERS. CAN WE SEE THIS INDEX @ 8000
#CNXMIDCAP100CNXMIDCAP100 took Lower Lower Support at 15300
RSI POSITVE DIVERGENCE in formation
Target 15900-16700-17400
Midcaps - SIP It MoreNifty 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.
Midcaps - attempting to break 4 year EMAMid 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...
