Nifty/Small Cap Relative StrengthPost SEBI's circular on Multi Cap this chart warrants attention. The current reversal which has seen the Small Cap Bullish revival is now at a monthly as well as weekly support of a Spread Strength Comparison of Nifty / Small Cap. For further out performance of Small Cap Index over Nifty (Large CAP) this support has to broken decisively. Else it might once again go and test it's recent high.
Relative Strength Study
Smallcaps
SIYARAM SILKS Low Risk EntrySIYSIL has been consolidating b/w Rs 100-150 to form a bottom since March 2020. It broke out of the range to cross Rs 150 in the week of 3 Aug 2020, and has shaken out weak hands on 31 Aug. Since March 2020, > 9 million shares have traded in high volumes, against a float of 15 million shares available to public. This is a significant amount of trading within 4 months, suggesting acquisition of significant shares by a large buyer.
Current price provides a minimal risk entry point. Trade fails if price falls below 138.
BSE Small Cap index vis a vis BSE sensexBse small cap index has reached to 2009 level in term of relative performance vis a vis BSE Sensex.
Whether it can further fall, i don have answer but risk reward is relatively better.
However, we yet to know the depth of crisis so it can further correct. But keeping everything aside, statistically the small cap index is very cheap.
I believe any bull run from hereon if occur, small cap may give massive return. I m buying small cap mutual fund (SIP way) as a basket approach since December 2019
SMALL CAP BULLISHPennant pattern with good support from 20 ema and 50 ema
Buy NIIT
Target - flagpole length
Stoploss - end of pennant
Trailing Stoploss - 20 ema
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Mircele small scrip ready for upmove _Triangle BreakoutMircele has given a breakout on weekly chart out of triangle.Ready for upmove with 1st target of 30-31.
It is intresting watch out as if it give close around same levl on 31st july a monthly MACd buy will be triggerred.
On monthly chart there is a trendline form levels of 80 in year 2000 will be broken once it start trading abv 20.
52wk high 22.55 will be first resistance & then it can easily go to above tgt.I expect much higher tgts from 1 year prespective.