Nifty SmallCap 100 Index - Technical ViewNifty SmallCap 100 Index - Technical View
A Relentless Fall of over 40% in 13 months.
Support Zones are at
1. 5750-5400
2. 4600-4200
3. 3550
4. 2500
CNXSMALLCAP trade ideas
CNX Small cap at crucial level, more downside seems possibel
For the current downfall, the the Oct-2018 lows will try to act as a support, if that’s breached expect it to get the next support at Dec-2016’s double bottom level. Which seems more likely. In case of major fall, we will be back to 2015 range.
Nifty SmallA lot of people seem to be on edge about the small cap Index.
My 2 cents on the same.
Think it should take support around the marked price.
CNX SmallHas broken down today but there is a positive divergence on the RSI. Lets see if we get a bounce tom to avoid the breakdown. Else things won't look good for the small caps again
Small cap Index take support at Fibonacci level and forms DojiSmall cap take support at Fibonacci level and forms Doji..
Can Small Cap bounce back from this level?
Previous time (2008 year) when small cap made correction it took 15 bars.
this time also will it take same?
Nifty SmallCapSmallcap index looks very weak. Lot of time is left to accumulate good small cap stocks.
It may break 50% FIBO level next week
NSE Smallcap 100 - monthlyThe log-normal monthly chart of NSE Smallcap 100. The yellow, steeper, up-trend line is providing support to the price.
Are we heading for a free fall?The similarities between 2008-09 and now points out that we're heading for free fall.
Hope this is not true :(
Small cap sector took support and zooming upSmall cap sector took support and zooming up.
is it a up rally or relief rally?..time will tell
expected moves for smallcapsby seeing charts it is clearly visible that bear strength is reducing so we can expect this carnage in smallcaps to be completed in near term. I have posted some similar setups in my previous posts which have been successful so expecting the same in smallcaps fingers crossed
Small Caps Have Likely Bottomed Out Here. CNXSMALLCAPOn the weekly chart.
-Breaking out of a falling wedge.
-Bounced off a strong resistance.
-Bounced off 0.618 Fibonacci retracement.
-Bullish divergence on Stochastic.
On the daily chart.
-Bullish divergence on the RSI.
-Bullish divergence on Stochastic.
-Bullish divergence on MACD.
-Bull cross on MACD.
Nifty SML100 - viewsOn weekly formation, Dragonfly doji candlestick at support level (downtrend) which is giving sign of reversal wherein the closing price has managed to reach up to opening price. Probably, Indication of relief in coming week!
most of the sectors looks bullish in short to medium termAfter the recent correction in feb and mar month, most of the sectoral indices showing hidden bullish divergences in weekly time frame. They are:
small cap
mid cap
realty
energy
commodity
consumption
service
So we may expect a good recovery from the current dip and continuation of the medium term uptrend.
SMALLCAPINDEX : Will the previos tops give a nice supportSMALLCAPINDEX : Will the previos tops give a nice support and a U turn possiblity
Yes to be seen, but if this gives away then strap yourself up for a deeper dive in coming weeks
CNXSMALLCAPCNX Smallcap has given the breakout from previous High, And also from Trendline Resistance.
Remain positive till it does not close below 8200
CNXSMALLCAP - Has it completed a larger degree wave ? This on request from Avoudhut2411 . The Smallcap Index seems to have moved up in clear 5 waves. We cannot be completely sure that wave 5 is complete but the index is ripe for a correction at a larger degree. Any comments ?
