Warning bells for small-cap bulls as Nifty Smallcap index witnesses head and shoulders pattern breakdown!
Warning bells for small-cap bulls as Nifty Smallcap index witnesses head and shoulders pattern breakdown!

Warning bells for small-cap bulls as Nifty Smallcap index witnesses head and shoulders pattern breakdown!

Recently, the rising geopolitical tensions, soaring inflation, and the current ongoing assembly polls have spooked the markets. As a result, Nifty Smallcap index has relatively underperformed Nifty as well as the mid-cap index.

Karan Dsij Article rating: 4.5

Technically, Nifty Smallcap index, on the weekly time scale, had formed a bearish engulfing pattern as on the weekend of January 21, 2022. The formation of bearish engulfing, after a continued uprise in the market

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