So far CNXsmallcap 100 respected the trendline support in weekly chart & tucked back inside daily chart trendline as well. 3M chart still within long term trendline without breakout. We still have 1 more week for this quarter. Let's wait and see.
CNXSmallcap D 100 tucked back inside trendline. However 3M chart still within long term trendline and still no breakout. We've 1 more week to go for this quarter. Let's wait and see how it turns out.
Market Analysis Indices Analysis. Small, Mid, Large indices analysis
The rally is far from over. The average up move from the last down movement has been at least 3x the down move. The party must go on with small consolidations !!
Did you sell all your Small caps in the small cap crash yesterday? If you look at the weekly HeikenAshi chart of SmallCap Index, it is still long. Following it would have avoided panic sell.
CNXSmallcap. If current week low doesn't go below 12386 and close above 12650-12680, then this week could be considered as retest. Historically there were 4 occurrences in Weekly timeframe where such fall went below previous week, index dragged down. Current week low, close and next week is crucial 1. Dec 31, '07 - Jan 07, '08 2. Jan 08, '18 - Jan 15, '18 3. Oct...
Nifty Small Cap 100 is trading near trendline following since 2007. Keep on radar. Need to be cautious for excessive long position at this point. Better is to wait for Breakout retest if breakout happens and sustains.
Small Cap Index has closed above Monthly Supertrend July 2023 and in September 2023 it traded at all time highs. Seeing the past history of Small Cap closing above Monthly Supertrend has given huge returns, party may have started in Small Caps, there may be small corrections but not expecting it go below 10250 anytime soon. Keep riding your horses.
Nifty small cap index is showing continuous growth on a W timeframe. However there could be a resistance close to 11900 which built in the month of Jan 2022.
The chart of the Nifty smallcap is looking rather confusing.... and to clear that confusion..... I have given you all 2 separate markings... The BLACK one indicates the downside risk.... while the ORANGE one indicates a BULL RUN. The impulsive 12345 marked in BLACK COLOUR is ONLY INDICATIVE and NOT exact in terms of price. hence do not follow the impulsive 12345...
Attached: Nifty Small Cap 100/ Nifty 50 Daily Live Market Chart A Possible Trend Change in this Ratio as there is Breakout And now Small Caps are set to Outperform Large Caps for the coming few weeks This is Risk On behavior, something has clearly changed on this Chart
Once above 10200 it will be a bullish sign in small cap. Till then SIP is better in this index...
Nifty Small cap 100 is trading at crucial level. Need to hold the 9620-9650 else can see fresh fall in most of stocks. Keep on radar
NSE:CNXSMALLCAP momentum shift towards down may be it is just correction in small cap if nifty have correction small cap will go more towards down
Nifty small cap is forming ascending triangle pattern on DTF. Keep on radar for breakout above 10100. Seems small cap is accumulated well and getting ready to join nifty/ bank nifty rally.
Small Cap Index is clearly giving a break out of cup and handle pattern on downward trendline and my start a 10% rally
Here we are analysing index with 2 basic indicators relative strength and Ema 30, in weekly charts. Now, in 2022.. we can clearly see bearishness in smallcap index chart as It's consistently making lower low's like it happened in 2018. In 2018 it clearly given 3 simple warnings before the big fall. You can check relative strength, which turned negative...
Here we are analysing index with 2 basic indicators relative strength and Ema 30, in weekly charts. Now, in 2022.. we can clearly see bearishness in smallcap index chart as It's consistently making lower low's like it happened in 2018. In 2018 it clearly given 3 simple warnings before the big fall. You can check relative strength, which turned negative...