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Nifty MidCap 100 IndexNifty MidCap 100 IndexNifty MidCap 100 Index

Nifty MidCap 100 Index

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CNXMIDCAP trade ideas

Long Trade On NIFTY MIDCAP - CNXMIDCAPThis is a long trade on NIFTY MIDCAP 100 it is on the weekly timeframe so it may take a while to reach the target but you can consider it as a safe trade because it's an index, I am already late as I should have entered on Monday 5th SEP but no problem we will get that;) Analysis :- The price broke the white trend line and retested it successfully and closed the weekly candle now the first target based on green fibo is 35472 and it is the safest target, you can go for 38300 also if you want to take higher risk.
NSE:CNXMIDCAPLong
by strange112
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 ||
NSE:CNXMIDCAPLong
by InvestIn10