Midcp nifty healthy correction forcast

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Healthy 0.23 levels fibo correction should come in midcap nifty if it has to go far away. The chart looks very simple but it's the most effective way to judge market waves.
Dagangan aktif
121 points fall today.
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retracement started.
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This is also comming soon
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Now midcp turn. 9800 should come. 10% correction expected before it takes next bullrun.

Look at my below analysis for BN a month ago well in advance.

Banknifty looking super bearish
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Fall is started already.
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Follow this anaysis now. Can see 500-700 points fall in midcp nifty soon.
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Solid retracement done from recent swing low. It could go further up now for sometime.

syot kilat
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Target till monday.

syot kilat
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at make or break level.

syot kilat
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Bollinger contraction. Should blast on either side in 15-20 mnts.


syot kilat
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One simple & solid trade milega ones this levels broken.

syot kilat
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The time is not far.......

syot kilat
Dagangan aktif
syot kilat
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never the less. tomorrow will be the day. May be.......
Dagangan aktif
Extremely bearish pattern. it fails rarely. The only thing is how long it holds there.

syot kilat
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Gajjab, unbelievable rally in mid caps.

syot kilat
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syot kilat
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Predicted few days back only. Taken many scalping trades in between since monday on this. Now it has broken major level. will update tomorrow because news based action can happen tomorrow thats not called price action.

syot kilat
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If you see the bigger picture in 2hr timeframes. midcp is still in the big accending pattern channel. Bottom of the trendline is way far now. But as per bollinger bands we can see further 300 points fall from given level. Then again we can think about further trend. But if it breaks the bottom trendline then there will be huge reversal trend.

syot kilat
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Solid selling pressure seen as per expected.

syot kilat
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closing above 11000 mark will be considered as always bullish.
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Closing is below 11k mark. First bearish sign.
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Long side.

syot kilat
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SL hit and reversed. Taken again with similar move and good day.
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closing below 10850 will drag it more. Please see clear picture in day timeframes below. Smarts will understand it.

syot kilat
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You cant say exactly when. But whenever 11000 breaks 1st alert then below 10980 to 10860. And ones 10860 breaks 10700 next. And after 10500 no limits.
FibonacciTrend AnalysisWave Analysis

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