MidCap stocks to rally further?
Midcap Daily Chart Midcap stocks are positively poised at current juncture. From wave perspective prices tumbled in a three wave structure (a-b-c) and then changed the direction from negative to positive which I think will also be a three wave structure (a-b-c). The overall trend looks firmly bullish soaring prices to its all time high. In short, the index will rally further pushing prices higher till 21500-21700 levels in near term.