We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for pro Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.

Annual Forecast for FTSE 250 (2022)

Share On Facebook
share on Linkedin

FTSE 250 index (FTSE:MCX) has been trying hard to go bullish, following the recent big crash that happened in the market as a result of the recent geo-political tensions in the Eastern Europe. The market went seriously bearish in early March 2022 and since then, it has been rallying, till now.

In March, price went briefly below the lower Trendline, and then bounced above it, also going above the upper Trendline. In April, the index has ranged so far, which should be a pause before the market goes further northwards.

The RSI period 14 is currently above the level 50, and it is about going further upwards. That means the outlook on MCX is bright for this year, and the price could reach the previous distribution territories at 22,000.00, 23,000.00 and eventually 24,000.00 within the next several months.

Teach Yourself Technical Analysis: Teach yourself Technical Analysis

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch: