amankavi

Nifty SML100 - views

Long
NSE:CNXSMALLCAP   NIFTY SMLCAP 100
On weekly formation, Dragonfly doji candlestick at support level (downtrend) which is giving sign of reversal wherein the closing price has managed to reach up to opening price. Probably, Indication of relief in coming week!

Comments

there is possibility that they will move one more top before going for Major correction
Reply
amankavi shiv2798
@shiv2798, It is quite necessary for the price action to move above exponential moving average (EMA) for longer duration otherwise, you are right, It will pullback again for corrections.(Wait and watch situation)
Reply