midcap - trend /pe analysis

٢٢ مايو ٢٠١٧

midcap index is trading at high pe level as well as broke the trend .breakdown looks similar to breakdown of October 2016.
stay cautious any long is not advisable . correction expected till 13256; 50% entrancement of move from December 2016 lows
[for pe referance
historic-pe-ratio.weebly.com/nifty-midcap-50-pe-chart.html]
buying is not advisable