Monday, July 01, 2019

MIDCAP index elliottwave analysis

Midcap index has underperformed for 2 years now, Many midcaps have become small caps.
The chart of midcap index is squeezing.Is it getting ready for big move ?Lets check up.

The above chart suggests WXY correction over and the price is squeezing in range now,
With range squeeze ,The upside momentum can start off  with a close above 18000.
This is quite bullish count lets see how the index behaves if it  closes above 18000.
Below 16400 the count gets negated .


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