In the last 2 months the Smallcap Indices have made 3 lows in the band of 15600-16100 and we are around the same point at 16100 today.
Continue to maintain the stance to look for selective buying opportunities
How to survive the Smallcap Crash in 2018 !
BSE Smallcap Index down 20% –Time to buy Selectively
Smallcaps Divergence with Nifty– Time to buy the Dip !! ?
Older Posts on warnings on smallcaps in Dec 2017 and later.
BSE Smallcap Index and Nifty/Sensex–Momentum Divergence–How long can it continue ?
Smallcaps can be Brutal if you are not Careful.
Now lets look at the chart again.
- A falling wedge formation which generally signals a bottom.
- Last top at 16564 and trendline at 16350 needs to be crossed for a confirmation.
- Can it breakout and surprise on the way up ?
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