[Technical-Investor] BSE Midcap - Madness is yet to come

 

From the wave structure of BSE Midcap we could make out that once 6710 takes out on BSE Midcap, expect BSE Midcap to test 13000+ in wave 3. On the contrary even if wave C of 2 is pending it is unlikely to go below 5300 on Midcap index. In classical terms we might go and test neckline of an inverted H&S. From this reading i feel in medium term it could be great bet. The only concern remain is momentum which is not picking up. But i feel its the prices which trades on Exchanges so if prices moves momentum will catch up in medium term.

Madness is yet to come before top.............. Warm Regards, Vishvesh Chauhan

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