Indices
Tuesday, November 16, 2010
BSE Midcap
BSE MIDCAP:
BSE MIDCAP in wave-(iv) of V
It has been broken down from channel( sent earlier on 12.11.10) & it has completed its wav-III now & Its now in wave-(iv) of V..
It has eqality tgt of 8022 ( A=C) & it will be FLAT & very sharp, as wave-(ii) of V was triangle..
It can further go down till 38.2% retracement (i.e-7890)...
One should away from BSE Midcap stock for the time being for Trading on long side.
We will go for monthly negative close below -8302.56 in november..
Investor should this as an opportunity to BUY for final wave-V
It has been broken down from channel( sent earlier on 12.11.10) & it has completed its wav-III now & Its now in wave-(iv) of V..
It has eqality tgt of 8022 ( A=C) & it will be FLAT & very sharp, as wave-(ii) of V was triangle..
It can further go down till 38.2% retracement (i.e-7890)...
One should away from BSE Midcap stock for the time being for Trading on long side.
We will go for monthly negative close below -8302.56 in november..
Investor should this as an opportunity to BUY for final wave-V