avsrikanth

Small caps at make or break

NSE:CNXSMALLCAP   NIFTY SMALL 100
Were the small caps break the immediate support, another 25% fall can be expected. Its critical for them to go back above the trendline it is struggling to get past
Mar 06
Trade active: The divergence of the daily & weekly charts seem to indicate a reversal of trends. Stay invested {if initiated on earlier message} through the elections and by year end you may be rewarded. Hope it doesn't break the previous lows
Jul 22
Trade active: Support line touched one time too many. Downside more likely. Lets see whether it retraces from upward trending line above it
Jul 29
Trade active: Nifty small cap is on a make or break point. On a weekly basis it is showing positive divergence. Hence it may not go down without a fight. Will it eventually make it to the long term increasing trend line connecting 2009, 2013 lows ?

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