Midcaps Lose their Narrative

Published: Fri, 05/18/18

Follow:

New to the Market? Don't miss this weeks SoundCould Podcast

https://soundcloud.com/indiacharts/learning-stock-markets-investing-and-technical-analysis

18 APRIL 2018

Yesterday I sent you a chart of Midcap Indices with a warning. Remember that the performance cycle for midcap has recently been one of the longest in the last 20 years. But the poor performance since the start of the year marks a reversal in the performance cycle. This might not change anytime soon. So the chart I am sending you below after today's market close is of the BSE Midcap index that became the first one to break the rising trendline from the 2013 bottom. This trendline has 3 touchpoints with prices and therefore is quite relevant. Its break should mark a trend reversal longer term for the Midcap space. Watch the Nifty Midcap index for a confirmation of the same on Monday.

[https://youtu.be/tSBVe2xMk5M], READ MORE

'' 30FREE ''

Use Coupon Code - Get Started

Don't WAIT for this update! GET Nifty Daily Weekly and the Monthly Long Short report and everything else directly in your mailbox

STAY AHEAD of the market turns. 3 Steps away. And WORTH many times more than what you pay.

Go here SUBSCRIBE NOW

CCAVENUE - 10$ / Rs.700 PER MONTH

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Rohit Srivastava
www.indiacharts.com
For accurate market forecasting. Market forecasting is a study of past data to assess
future probable outcomes. It is our endeavor to discuss high probability outcomes for
traders and investors. However this is not a solicitation to buy or sell stocks futures or
options or any security. Trading in any financial market should be done with sound
knowledge and the help of a qualified investment adviser. Stocks based on the Elliott
wave model are based on the Fibonacci fractal of the market and momentum indicators,
targets are based on Fibonacci maths and are only indicative of what the mathematical
model throws up. This is not a recommendation to buy/sell.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~