#CNXMIDCAP
Comprehensive Stock Analysis (Twitter Thread Format):
1/ 🚀 #NiftyMidCap100 Analysis (Nov 22, 2024)
Sector: MidCap Stocks Representation
2/ Daily Close: ₹55,016.85 (+1.16%).
A positive close after recent dips indicates a potential rebound from lower levels.
3/ CCI Momentum (Daily/Weekly/Monthly):
Daily: -92.47 → No clear momentum.
Weekly: -15.90 → Neutral.
Monthly: +135.58 → Strong bullish signal.
4/ Score & Quadrant:
Score: 11 (↑ Up from yesterday).
Quadrant 2: Regaining momentum ("cat bounce").
5/ Key Levels to Watch:
Supports: ₹54,354.10, ₹54,000, ₹53,800
Resistances: ₹56,415.7, ₹57,033.90, ₹57,575.30
6/ Outlook:
The index is showing signs of recovery with bullish momentum in the monthly CCI. However, daily and weekly CCIs suggest caution. A breakout above ₹56,415.7 could confirm further strength.
Disclaimer: Analysis based on chart data. Not financial advice.
1/ 🚀 #NiftyMidCap100 Analysis (Nov 22, 2024)
Sector: MidCap Stocks Representation
2/ Daily Close: ₹55,016.85 (+1.16%).
A positive close after recent dips indicates a potential rebound from lower levels.
3/ CCI Momentum (Daily/Weekly/Monthly):
Daily: -92.47 → No clear momentum.
Weekly: -15.90 → Neutral.
Monthly: +135.58 → Strong bullish signal.
4/ Score & Quadrant:
Score: 11 (↑ Up from yesterday).
Quadrant 2: Regaining momentum ("cat bounce").
5/ Key Levels to Watch:
Supports: ₹54,354.10, ₹54,000, ₹53,800
Resistances: ₹56,415.7, ₹57,033.90, ₹57,575.30
6/ Outlook:
The index is showing signs of recovery with bullish momentum in the monthly CCI. However, daily and weekly CCIs suggest caution. A breakout above ₹56,415.7 could confirm further strength.
Disclaimer: Analysis based on chart data. Not financial advice.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
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