expected moves for smallcaps

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Nifty SmallCap 100 Index (NSE:CNXSMALLCAP)

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NSE:CNXSMALLCAP Nifty SmallCap 100 Index

by seeing charts it is clearly visible that bear strength is reducing so we can expect this carnage in smallcaps to be completed in near term. I have posted some similar setups in my previous posts which have been successful so expecting the same in smallcaps fingers crossed

Commentaire:

index broke out successfully uptrend confirms only on break of previous swing high i.e., 7490/7500

Commentaire:

first swing high broken lets see if sustains or not next resistance zone 7610/7784

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