Market_beat3r

Small Caps Have Likely Bottomed Out Here. CNXSMALLCAP

Long
NSE:CNXSMALLCAP   Nifty SmallCap 100 Index
On the weekly chart.
-Breaking out of a falling wedge.
-Bounced off a strong resistance.
-Bounced off 0.618 Fibonacci retracement.
-Bullish divergence on Stochastic.

On the daily chart.
-Bullish divergence on the RSI.
-Bullish divergence on Stochastic.
-Bullish divergence on MACD.
-Bull cross on MACD.
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