Mulai
nirav5

Midcap Index approaching danger neckline

Nifty MidCap 100 Index (NSE:CNXMIDCAP)  
nirav5  
NSE:CNXMIDCAP   Nifty MidCap 100 Index
Head and Shoulders
1
0
headandshoulders
There is a Head and shoulder setup on Cnxmidcap weekly chart.
The neckline is forming around 16000 - 16300 zone. It should not breach that level and give weekly close below than that.
Otherwise it will open up 2000 points downward space.
Ofcourse Midcap index is not trade-able directly. However many people are routing their money through SIPs in many Midcap funds.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.