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.

Trade chiuso: obiettivo raggiunto