NIFTY SMALL CAP, FIBONNACI with MA 100 SUPPORTnifty 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 pattern drawn, its greatly forming the pattern.
so there could be a possible of breakouts.
many investors could step in, as nifty 50 will reach its good levels, then big FII-DII, could come take positions in nifty mid cap and small caps.
LASTLY, do even check the rsi, breaking the lower highs, and lower lows pattern.
Niftysmallcap100
NIFTY50 - JUST A VIEW 📈 NIFTY50 has taken support at around 59 level in RSI (as shown in chart).
📈 In previous trading session 59 was working as resistance level in RSI but from last time and today it is working as support level.
📈 as per FII's data they slightly bearish on index but they are bullish on stocks.
📈 as per view currently market is stock specific not Index specific.
📈 Go for stocks specially midcap & smallcap stocks and Breakout stocks.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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