NiftyMidcap
1.Midcap Index Trading Below 200WeeklyMovingAvg .last time it gone below this in July2013. & Also Broken 5 year Trendline
2. Check Monthly Chart of CnxMidcap ..Last 2 bottom made when RSI Touches 36/37 lvl
3.Current RSI Value is 43.2 So Nothing Harm in waiting for 36/37 Zone To Start Investing.
4. Shorterm Hope Level for Midcap is 15800 Low of Oct 2018.
5. In My View Still We Have To wait for good level .. i may go wrong too..
Remember an important point folks.
NO ONE CAN TELL THE FUTURE. What we are trying to do here, with Technical Analysis, is to provide ourselves with a framework to base our trades upon.
CNXMIDCAP Monthly Chart
Join Telegram : T.me/stockstudy
Disclaimer : If you trade stocks, you do at your own risk. Trading/Investing in stocks carry high risk. Any trade or action you take in the market is your own responsibility. stockstudy8.com will not be liable for any loss arising out of the use of any information on the website by anybody
