MIDCAP NIFTY Rallies Strong! Long Trade Hits All Targets

16 oct.

Midcap Nifty has shown a solid uptrend following the entry at 12921.15 on 11th October at 12:15 PM, with the price successfully reaching all profit targets.

Key Levels

• Entry: 12921.15 – The long trade was initiated at this level, supported by bullish momentum.
  
• Stop-Loss (SL): 12891.70 – Positioned below recent support to protect against potential downside.
  
• Take Profit 1 (TP1): 12957.60 – The first target was achieved, confirming the upward move.
  
• Take Profit 2 (TP2): 13016.55 – Bullish pressure continued, leading to this level being reached.
  
• Take Profit 3 (TP3): 13075.50 – Further gains pushed the price to this target.
  
• Take Profit 4 (TP4): 13111.90 – The final target, marking a successful rally in the long trade.
  

Trend Analysis
The price has consistently remained above the Risological Dotted trendline, indicating a strong uptrend. The sustained upward movement suggests that market sentiment remains positive, supporting further gains beyond the final target.

The long trade on Midcap Nifty successfully hit all profit targets, with the final TP4 at 13111.90. The uptrend was well-supported by the Risological Dotted trendline, showcasing strong buying interest throughout the move.