Bata India, Escorts: Trading strategies for mid-cap losers of 2021

If these stocks manage to cross their significant resistances, the upside may result in a surge of over 5 per cent

MidCap stocks have been on a roll in 2021 as cheap valuations attract investors towards the segment. The S&P BSE MidCap index hit a fresh record high of 21,717 in the intra-day deals today, surging 1 per cent on the BSE. In comparison, the benchmark S&P BSE Sensex was up 0.22 per cent at 1:50 PM. So far in CY21, the MidCap index has zoomed nearly 20 per cent at the bourses, as against a 5.8 per cent gain in the frontline 30-share index.  

Individually, shares of Adani Total Gas and Bharat Heavy Electricals have skyrocketed 256 per cent and