small cap seems to have done a BO, if traditional patterns to be considered, a pennant has formed and BO is already there, this may take smallcap index to around 14800 which is also the upper trnedline for long term.. this maybe the time of smallcap, this will surely take time and may have few consolidation phases within it.
once cross 10213 then will touch level 12333 check component stock!
Buy your favorite Small Cap Stock we are heading for good breakout. Personally added below 3 stocks now and will add more other stocks 1. Granules at 288 2. Aegis at 353 3. Route Mobile 1230
My view is bearish as samllcap index is forming a rounding top pattern. Unless it negates the pattern, BUY ONLY selected strength stocks in momentum.
Nifty has already given breakout. Now is the time for smallcap index
9870 is KEY Resistance area that needs to be captured...Nifty is outperforming Broader Markets...Before taking good position in stock let smallcap index clear 9870 9900 zone
nifty 50 has made a good recovery after 20th June, same followed by the nifty small cap. check the fibonnaci levels, and there's a good support of MA 100, after 20th june. many nifty small and mid caps have to get there bull run, so this became a point of breakout. speaking about breakouts, it happens in the triangle pattern. so you could check the blue colour...
Smallcap is nicely placed now...Above 9750 big move will come in many stocks... Stay invested for next couple of months are looking pretty good...
The current DIP in SMALLCAP INDEX is an opportunity to buy. Weekly MACD is clearly showing until year end we will see 15% Rally in Smallcap index. Highlighed Resistance in RED. 9100 and 8900 levels are crucial for the above rally. Personally belive that retest of Breakout is done. Morning markets might be soft but will recover by End of the Day and probably...
Small cap index is at gann fan resistance Ripe for correction here
Gann fans on CNX small cap 100 Support around 804-8100 and rising
They are the ones who always get beaten up. Look at history, tells you a story
NSE:CNXSMALLCAP Sharing my Elliott wave analysis and work on Nifty small cap 100 index. Tried to best fit the labeling based on the rules and guidelines. The index has formed an overlapping 3 wave structure called a Leading diagonal from the lows of 2004. My conclusion now is that we are in the primary wave 5 degree with first up-leg complete in Jan 2022. ...
blood bath is here, 1st point where we can see a reversal is close: a range of 8550 to 8600 is where I am placing a bet, this is not a very strong support but if we will see a reversal that should be from here onwards, other make a large BLOODY marry for me too Cheers :D
Hello & welcome to this analysis on the small cap index CNX Small Cap Index activated a Bullish Harmonic Deep Crab on 24th Feb at 9350. From there it has now move all the way 10900 and on its way created 4 gap ups which is usually the sign of a strong trend (typical of Elliott Wave 3) What is most interesting is on 4th April it activated a Bullish Island Reversal...
Retesting of the neck line of head and shoulder pattern in daily time frame. May be a sharp crash is waiting for us. Be cautious. Happy trading. If you like my analysis please like 🤗
CMXSMALLCAP is blasting amd the operators are taking the prices higher.
#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