The Midcap Carnage is Over.
-The Midcap sector showed great realitive strength yesterday when the Nifty was down and Midcaps were up. This happened after a long time.
Weekly chart
-Sector breaking out of a falling wedge pattern on the weekly chart.
-Found support at 50% Fib retracement.
-Bullish divergence on stochastic.
-Converging MACD lines.
Daily chart
-Bullish divergence on RSI.
-Triple bullish divergence on Stochastic.
-Quadruple bullish divergence on MACD.
-MACD line crossing over 0.
Not an investment advice, do your own dude diligence.
Weekly chart
-Sector breaking out of a falling wedge pattern on the weekly chart.
-Found support at 50% Fib retracement.
-Bullish divergence on stochastic.
-Converging MACD lines.
Daily chart
-Bullish divergence on RSI.
-Triple bullish divergence on Stochastic.
-Quadruple bullish divergence on MACD.
-MACD line crossing over 0.
Not an investment advice, do your own dude diligence.
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