Nifty MidCap 100 Index
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MIDCAP INDEX

240
Hello & welcome to this analysis

The index after a steep decline formed a bullish Harmonic Bat reversal pattern.

At the 50% retracement level it has formed a three candlestick bullish signal - Upside Tasuki Gap suggesting further upside.

As long as it sustains above 51500 it could continue its up move till 54500 that is the 62% retracement and above that 57500 that coincides with the trend line resistance.

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