Nifty Midcap is standing on a confluence of support of trendline as well as horizontal support.
22000 looks like a make or break level for Nifty Midcap.
If this support breaks, we might see a quick fall to 21650, 21480, 21300 levels.
If this support is sustained, we can expect a bounce to 22200, 22500+ levels
Keep this chart in focus for further swing trades. Fibonacci levels will be crucial now.
22000 looks like a make or break level for Nifty Midcap.
If this support breaks, we might see a quick fall to 21650, 21480, 21300 levels.
If this support is sustained, we can expect a bounce to 22200, 22500+ levels
Keep this chart in focus for further swing trades. Fibonacci levels will be crucial now.
注释
T1 done on down side after breaking the level. T2 almost done as 21496 low.Midcap has retest breakdown level. T3 might be coming as well.
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