just drawn the chart . for pattern level trend. posted as to learn technical not for buying selling recommendation.
I have interesting trend analysis done here by comparing two bellwether INDEXes When one compares weekly charts for BSE SMALLCAP Vs NIFTY50, there is clear case of divergence in trend visible since last 4 weeks starting from last week of July. Will the NIFTY see the bullish reversal and end the diverging trend or it will culminate into severe correction for NIFTY...
Continuation Inverted Head & Shoulder Pattern , bullish pattern and pattern activate when price break the neck line this pattern activate
Smallcap index + 6 month and 12 month Moving Avg. If you don't do this you are Yuseless.
Past falls and gains of BSE Small Cap Index. The chart depicts the small cap index over a long period of time undergoing both through the bear and bull cycles.
Small Cap index looks poised for a steep correction. Disclaimer : Only for educational purpose
#SMLCAP Index 20.08.2021 Important support 25800 Sell Smlcap index below 25800 SL 26200 Tgt 25200 Cmp 25940
Just in case you were wondering as to what happened to #Smallcaps
Both the index broke out simultaneously. Nifty has HH and HL structure, whereas small cap broke out after brief consolidation near resistance line.
I think big massive rally is near one small or 2 dip may be we can see but other wise small cap will boom end of this year or next year Jan .
Bse 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...
Same pattern in BSE Small Cap Index. Might take more than two year to regain the lost glory.
smallcap buy at 14500 long term trg 40000 ( 2022 )