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Smallcapstocks

Long TCNS Brands above 580Today TCNS Brands' stock price has risen with good volumes breaking out 580 level. It is important to wait for a pullback and see if the stock could hold this level. Buy above 580 and place stop loss at 536 (8%). Targets are mentioned on the chart. The hurdle may be near the supply zone. Trail your profits after target 1 until the supply zone is breached with good volumes, then add more quantity for the rest of the targets. Follow the stop loss strictly, below this level price may take a downfall. Happy trading :) This is not investment advice, Please consult your financial advisor before investing.
TLong
by Sanjan91
CAN SMALL CAPS RECOVER FROM THE RECENT FALL? A GO-LONG IDEA. Small caps 100 index has fallen nearly 11% reaching a decisive point in its fall. The price is currently resting on or near the daily timeframe's uptrend line (support). The RSI is also at 30.14, which indicates a over sold signal and we may see a bounce very soon. The potential reversal zone formed by ABCD pattern's 1.618 and 2 fib extension acts as a demand zone for the small caps 100 index. Here are the 3 scenarios that could develop, 1) The index may take support from the trendline and go up. Sustaining this trendline could take it to, point B and maybe further until point D. This could shape up into a bearish shark pattern. 2) The index may break the trendline and consolidate in the demand zone. Breaking the the demand zone and passing the pullback test would trigger a massive downfall up to 8600. 3) The index may break the trendline and take support from the demand zone and rise again above the trendline. The point B would be the profit booking point for longs. Summary: Check the price action for some time, if the trendline breaks then wait for it to consolidate in the demand zone and rise or fall eventually. If it sustains above the trendline, you can expect the index to rise 6-12%. The main levels for profit booking are 10300 and 10800. Strict stoploss at 9660. As the pattern develops, we can analyze the index back again for any change in levels. Thank you. This is not invest advice, please consult your financial advisor before investing.
NSE:CNXSMALLCAPLong
by Sanjan91