CNXSMALLCAP trade ideas
#CNXSMALL CAP one more ATH breakout what next?#CNXSMALL CAP each time index gave a fresh ATH breakout after consolidation there was a good up move for next 3-4 months.
Currently index came out of consolidation zone. We can expect ~30% move from current levels.
Scrap views if index goes below 10350
Midcap Analysis 1. Midcap Sensex Has fallen below the Channel and Taking support at crucial Juncture
2. if it falls below 200 EMA down trend will follow
3. uptill 10 % its said to be correcting , so far fallen around 12 %
4. Its forming a pin Bar candle , Confirmation candle forming above the previous Day closing is a reversal and below will be a down trend
5. Ready with the good fundamental Midcap stocks for accumulation if midcap index reverses.
6. India Vix is rising sharply due to acute fall , if it crosses 25 , downfall is there .
Nifty Smallcap - Key Support The smallcap index has fallen below the 50EMA and closed right at the channel bottom.
Tomorrow it needs to move back above the 50EMA to help keep the index bullish..any more fall could then become a change of trend in small/midcap stocks.
Below 17670 I'd loose to sell stocks from my portfolio which are showing weakness..
Watch the index for hints.
Nifty SmallCap 100 Moving Past 2018 Highs RSI : Weekly and Monthly Above 60 ; Suggesting Momentum to the upside.
Relative Outperformance to Broader Market ( CNX 500)
First Fib Target @ 13700
Stop Loss Trigger: 9550
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NIFTY SMALLCAP SHORT TERM TOPWe can clearly see nifty smallcap has made a short term top in market with high near by previous high and almost divergence on RSI daily chart. we can see meaningful correction from here.
NIFTY SMALLL CAP DAILY CHART Breakout retested , can start accumulating quality stocks in yr portfolio.if 9500-9400 holds then 10800-11000 can come
Breached but did not close below 50EMACNXSMALLCAP went below 50EMA but closed above. Needs to bounce back from these levels otherwise the other major support near 8500 levels. Minor suppports at 9400 and 9200.
smallcap is retesting small cap gave multiyear breakout now it is testing its breakout level. it may go above or side ways as indicated in picture.
#CNXSMALLCAP verge of giving a fresh breakou#CNXSMALLCAP, Small cap index on verge of giving a fresh breakout over ATH, Weekly closing of index above 9700 shall confirm the breakout. Once done out performance in small cap stocks can be seen. Index has Fibonacci targets of 13500 and 19800 on long term
Nifty Small Cap - Time to not miss this oneSmall Cap - Index rallied big time in last one week. its monthly RSI also closed above 60 last month. It is looking to break out of 7600-7800 resitance zone. If it does this month above it we can see a big dash towards its All Time High. Even if it falls and bounces back from 6600-6800 zone, we still might have our BIG SMALL CAP Rally ON!.
DISC: Not a SEBI Registered. I post charts for my own study.
Nifty Smallcap 100 Index - Breakout - Possible targets 7600/7730Nifty Smallcap 100 Index seems to have broken out based on the above trendline - Possible targets are 7600 and 7730.
Smallcaps remain at riskNifty Smallcap 100 remains at risk, stuck below resistance near 4700 but well above support at 2700. Long-term 4700 is the level that matters. If we’re below that, then downside risk remains elevated.
Nifty Small Cap Update - Be Prepared to SIP MoreNifty Small Cap Index has broken a 11 Year TrendLine. 5100 crucial and if it slips it can go to 4590 also. So be prepared to SIP more in Small Cap Index Fund. Make it Large as once it bounces it will be sharp and will last for another 11-18 months. The Current small cap massacre is the longest period of breakdown.
Small Cap - Down but Not OutSmall cap index is down still below the Mukti year trend line... need another 300 points more to come out and sustain....See the beauty of Dojis reversals at most bottoms...
Nifty Small Cap View1) Reversed from fib levl
2) Bearish Wolfe wave
Could lead to dragging market southwards
