BSE 400 MID SMALL CAP Negative divergence on RSI Resistance of 6118 and 6128. Resistance needs to get crossed for continuation of rising trend. Violation of trend line with bearish candle can lead to a reversal for correction to test the one of 5800. Trend line are around 6000. Volatility as long as 6000 is not violated with larger bearish candle its...
BSE 400 MID SMALL CAP After a struggle to keep the index above 4936 level of support. The index manage to move up. It outperformed Nifty/Sensex. It is back to test the earlier peak of 5330. Once again a crucial test. A shooting star at the peak. Breakout and close above 5330 is essential now. Any lower high and lower low tomorrow below today low of...
BSE 400 MID SMALL CAP Good to see support coming at correct time for BSE MID CAP SMALL CAP 400 index 4936 was the support it held on to it. Cross the resistance of 5191 to end the correction. Expect 5330 to be tested and witnessed resistance around it. Once the next breakout above 5330 is witnessed then expect rise towards 5589. The higher top and higher...
BSE 400 MID SMALL CAP 4 hour chart view Support of 5195 needs to be held. RSI has exited overbought zone and further fall below 5195 can extend into a correction to test the retracement of of 38.2% -5013 which can put pressure on the stocks. Support on monthly chart is at 5082-5049. RSI on monthly chart has hit the overbought. Violation of support can set a...
A breakout and follow up rise. Even as Nifty fell down and corrected or sideways movement. BSE MID CAP SMALL CAP 400 maintain the positive movement and move higher. Expect the fib projection as shown in the chart to be tested in due course of time with volatility.