NIFTY Smallcap 250 – Bullish Head & Shoulder PatternKey Highlights: Nifty Smallcap 250 Index
✅ Bullish Head & Shoulder Breakout
✅ Neckline at 15,000 – Critical Psychological Level
✅ Price Trading Above 20 EMA – Short-term Trend Turning Bullish
✅ RSI Gaining Strength – Momentum Supporting Upside Move
Chart Pattern Analysis:
The NIFTY Smallcap 250
A little more fall?NIFTY SMALLCAP250 has broken its 2024 lokshabha vote-counting day's low. Seems like it can fall by another 4%, if not more, to 13400 levels. If it can't sustain those levels, it may settle at 12600 levels.
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Nifty SmallCap 250 spot 14683.40 Index seen by the Daily Chart vNifty SmallCap 250 spot 14683.40 Index seen by the Daily Chart view
- Year Old Support Zone 13900 to 14100 Band
- Support Zone 14450 to 14675 Band briefly stayed as a Resistance Zone
- 3rd Rising Support Trendline too was broken down by ongoing heavy sell off
- Few Gap Up Opening remain to be clo
Nifty SmallCap 250 spot 14501.65 Index by Daily Chart viewNifty SmallCap 250 spot 14501.65 Index seen by the Daily Chart view
- Resistance Zone at 15235 to 15400 Index Levels earlier a Support Zone
- Fairly Decent Support Zone 14450 to 14675 Band might turn to be a Resistance Zone
- 1st and 2nd Rising Support Trendlines have been broken down by ongoing he
Nifty SmallCap 250 16035.75 Daily Chart - Update on 28-Jan-2025Nifty SmallCap 250 spot 16035.75 Index by Daily Chart view - Update on 28-January-2025 review
- Support Zone at 15235 to 15400 Index Levels
- Resistance Zone at 15235 to 15400 Index Levels
- *Nifty SmallCap 250 Index by Daily Chart view of 28-January-2025*
Nifty Smallcap 250 Double Top or New Bull If this index is observed, price has taken support of 23.6% Fib level of pullbacks twice after significant rise since 2020.
Currently price is near the 261.8% Fib Level (15259.65) drawn between Jan 17 '22 top to Jun 20 '22 bottom
So far price couldn't break that resistance. Feb 5th and Apr 8 in w
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Displays a symbol's price movements over previous years to identify recurring trends.