Nifty Smallcap 100 Index Trading plan 📈 Current Market Context
1H Chart:
The index is in a short-term downtrend after a strong rally.
Price is nearing a potential demand zone (previous bullish order block) from late June around 18,500–18,600, a likely mitigation point for re-accumulation.
5M Chart:
There’s a liquidity sweep and pote
Related indices
Nifty SmallCap 100 Elliot Wave ViewWave 2 of 3: This corrective wave occurred between September 2022 and March 2023, lasting approximately 28 weeks, as highlighted in the chart.
Wave 4's Progression: The recent peak in September suggests symmetry in the cycle, mirroring Wave 2's timeline. If Wave 4 matches Wave 2 in duration (aroun
Mid/Smallcap || Recovery As Expected, What now? The Midcap and Small Cap Index have shown signs of recovery as anticipated in my previous analysis. The index is now trading above the 20 EMA Band in the 2-hour timeframe (TF). However, several key conditions must still be met before we can confirm a sustained bull run:
1. 2-hour RSI should cross a
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.