Chart reflect that BSE small cap index has been in negative territory since Jan 2018 and may be reaching at crucial support level so if it does not hold then 500-600 point further breakdown cant be ruled out
Looks like it is almost finished with the accumulation period and getting out of it.
We have been accumulating for almost 6-7 months. And it seems like now it's time to fly.
It making higher lows under resistance, and consistently making attempts to break 200 MA.