nifty small cap index fib retracementlong uptrend has healthy retracement. nifty sall cap index has very long trending move with some distribution or retracement evident.
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BSE Small Cap support Zone rangeBSE Small Cap is near Long term support Zone range....Lets see, whether how much time it spent in this zone....
break levelBSE small Cap is showing great weakness and unfolding the gain of the rally which had started since 2014
BSE Small Cap index if not stop may further breakChart 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
BSE SMLCAP LongLooks 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.
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