NIFTY SMALL CAP, FIBONNACI with MA 100 SUPPORTnifty 50 has made a good recovery after 20th June, same followed by the nifty small cap.
check the fibonnaci levels, and there's a good support of MA 100, after 20th june.
many nifty small and mid caps have to get there bull run, so this became a point of breakout.
speaking about breakouts, it happens in the triangle pattern. so you could check the blue colour pattern drawn, its greatly forming the pattern.
so there could be a possible of breakouts.
many investors could step in, as nifty 50 will reach its good levels, then big FII-DII, could come take positions in nifty mid cap and small caps.
LASTLY, do even check the rsi, breaking the lower highs, and lower lows pattern.
