BSE Midcap Index
23 Sep 2020 ● 08:07 AM
The BSE Midcap index bottomed at the lower end of the reverse channel. A reverse channel is one that is drawn by taking the trendline of the highs first and then taking the parallel to the lows. Channels hold wave counts well and therefore this low for wave 4 is ideal. Holding it sooner than later we should start wave 5 up to new highs.