Previously had written a detailed post on Smallcaps.
BSE Smallcap Index and Nifty/Sensex–Momentum Divergence–How long can it continue ?
Now that the Smallcaps after a month or so have corrected a good 15-30% from peak and the #BSESmallcapIndex and #NSESmallcap Index are down around 12-15% from peak its a time for review.
This quick chart gives you a good peak into what you should do ?
BSE SMALLCAP INDEX - Drawdowns in the last few years.
Bull Market - 15-20% correction or 25-35% correction
Bear Market - 40-50% correction or Once in a Decade = 75-80% correction.
Start buying at a drawdown zone according to what you think is the
current structure.
I think we are in a Bull Market and it could be the first case. If you think otherwise then you need to decide accordingly
Also after such corrections new #sectors emerge like Textiles and Chemicals went up 25-100% in 2015-2016 when Nifty went down from 9000 to 7000.
Advisory Service - Technical Traders Club
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Online Technical Analysis Training Session. 18th February 2018
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