CNXSMALLCAP trade ideas
SMALLCAP100 INDEX SMALLCAP100 losing strength after a continuous run since April'23. It's time to take a long pause if not a stop! Giving about 125% since this period. Just one bad news may trigger sell IMO. Keep booking profit. Any bull-run stops at some time. Just be at the door before party gets over! Its time to protect what is earned!
CNXSMALLCAP // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the current levels and analysis for NIFTY Smallcap 250 Index (CNXSMALLCAP) in a 1-hour time frame:
Current Price: 13,450.00
Resistance Levels:
13,550.00 (short-term resistance)
13,700.00 (medium-term resistance)
Support Levels:
13,350.00 (short-term support)
13,250.00 (medium-term support)
Analysis:
CNXSMALLCAP is trading within a narrow range of 13,350.00 to 13,550.00.
The index has been trending upwards in the past few days, but it's currently consolidating.
The short-term resistance level at 13,550.00 is a strong level that CNXSMALLCAP needs to break above to continue its upward momentum
#CNXSMALLCAP100 #INDEXANALYSIS.As it broke out, I still see upside on chart. CNXSMALL can go make higher in coming days. It may touch RSI trend line.
smallcap is ready to fireNIFTY SMALLCAP is getting ready to fire from all cyclinders. after having consolidated for some period of time this sector is ready to move up ...
Small Cap Index ViewSmall Cap Index has taken support over trendline.
After making rejecting candle from support, price action shows reversal as well.
Any breakout from next resistance is good and ready for next rally..
RRR setup - Retest Reverse Rise
Smallcap index chart, elliott wave counttrying to draw elliott wave count on larger TF CNXSmallCap index.
Suggestions are welcome..
Wave5 Target for smallcaps around 30K..
#BullRun continues..
#CNXSmallCap
#NIFTY50
SmallMidCap CrackdownImpact that you see in smallmidcap indices
1. SmallCap 100 index has been travelling 1 way route since Feb '23. ~92%.
2. SmallCap 100 index reached 161.8% fib level.
3. SEBI has expressed worry over the substantial 92% increase in small-cap fund inflows during the first 10 months of this fiscal year, compared to the entire previous fiscal year. This surge has prompted SEBI to demand enhanced disclosures and investor protection policies from mutual funds.
4. Recently read a post where how many days it would take smallcap funds to create liquidity to settle on redemption(firesale)
If symmetrical triangle breaks down in this week closure, 11.95% height of the triangle could lead to 61.8% fib level of ~13646.35. If breakdown & Mkt is still bullish then 38.2% fib level support is at 14737.50. It's good upto this.
Nifty Smallcap Analysis 📊 Nifty Smallcap
✅ Reversal from ATH with strong bearish candles currently no sign of recovery
✅ Trend + support of 16350 broken next station 15800
✅ Those smallcap stocks holding strong in this kind of market will rally fastest when smallcap index takes support or pause for retracement
Temporary Pause Amid Nifty 50 Highs, Waiting for Small-Cap ReboI've been on a temporary pause recently, despite the Nifty 50 nearing all-time highs. The reason? We mostly trade in small-cap stocks, and the Nifty Smallcap index is still below key moving averages like SMA 50 and 100. I prefer to wait for healthier market conditions, especially in small-cap and mid-small-cap segments, before making new entries.
NIFTY SMALLCAP TO JUMP AGAIN Small caps are going to rise again from next month as no second low was made below 14087.
It is expected that RBI can also cut the repo rate which will eliminate the liquidity problem.
Find opportunities in companies which have given good results in this quarter and are down in the fall.
CNXSMALLCAP, Why small caps falling?1. No matter which news is being highlighted for yesterday's fall
2. But chart clearly states, price levels has reached its target, so a profit booking/ a pull back is needed to continue its up trend
3. Follow the charts not the news.
Small Cap Index Profit Booking & ReversalMarked Monthly Demand Zone from Where Smallcap Index looks like taking a good support and reversing till 15280 Levels.
Looking to drop another 1100 Points from here.
We should wait and take entry in small cap stocks.
Nifty Small cap at supportIn past we have seen that there is buying support at weekly super trend levels.
We need to wait and see if this time also same is the case.
Nifty SmallCap under selling pressure1) Nifty SmallCap Index is under strong selling pressure.
2) Index may fall further 3.25% in the upcoming days.
3) 14900 will act as a good support area.
4) Time to cut positions from SmallCap stocks and move to cash.
5) If the Index breaks 14900 again, This will lead to another 4% fall.
Will History Repeat Itself In Smallcap Index?-whenever smallcap index falls it recovers slowly this time also it should behave like that and recover slowly slowly
-currently at major support zone
-almost every major index is in support zone market is in make or break level right now
Nifty Small Cap 100 index falls in five wavesThe hourly chart of the Nifty Smallcap 100 index now shows a five-wave decline. In Elliott wave analysis, a five-wave move in any direction is directional. Meaning that it tells us which side the trend is. From that point on, every bounce becomes an opportunity to sell because the trend is down. The smalcap index was the last man standing in Indian markets, going up for 10 consecutive days. Now, it has reversed hard to the other side. Today, it is testing the 20-day moving average as well.
small cap index long way to goSmall cap index at support cmp 14400 target 17000
DOnt sell in panic
Accumulate the dips
Small Cap Index: Keep on radar for monthly closingSmall Cap Index is forming shooting star candle on monthly time frame till now. Need to closely watchout for month end. Shooting star formation at month end can lead to retest the trendline on longer time frame.
Caution in Small Cap index. . .Time for caution in Small cap index.
We are at 3.618 Fib extension level. When we attempt to do wave count we can likely see end of wave 5.
Also we can clearly see RSI divergence here.
While it will not be good idea to buy at these levels. it is better to look at pocketing some profits.
NIFTY SMALL CAP 100 Hello & welcome to this analysis on the index
The index has had a dream run since April of this year.
What lies ahead? Does it continue its outperformance or does it lose its shine and starts seeing profit booking?
Currently at a resistance in higher time frame with support quite far. The Dec quarterly candle and the Jan monthly candle will give clarity for what is to come.
One should avoid fresh aggression at current levels in it and set trail stop loss triggers based on risk appetite at this juncture.
Happy Investing
CNXSMALLCAP Smallcap index is on verge of breakout with tight range consolidation in last few weeks and ema confluence ....
Hopefully in next 6-7 months ...before next Diwali ...some of the small caps can give 10x return easily ....
Do some research, share scripts ...
Nifty SmallcapWeekly rectancle channel pattern breakout in Nifty smallcap index
Price action
Technical analysis
