Trend Reversal in Nifty Midcap Index!

2024년 12월 9일

A change of character (CHoCH 1) can be seen in Nifty Midcap which signals trend reversal from bullish to bearish in 1 day timeframe.

Recently, another CHoCH 2 can be identified which further changes our view form bearish to bullish.

Now, price might come back to grab liquidity to follow it's current trend after ChoCH 2, ie , uptrend.

NOTE - We can be 100% wrong. It's not a buy/sell recommendation, just for educational purpose only!