Over the last few days the divergence in movement of Smallcap Index and Nifty has reversed. Nifty has made new highs and Smallcaps continue to drift down with quite a few smallcaps/microcaps seeing a 10-20% drop from recent highs and the Smallcap Indices down 5% from the recent highs.
The last article on this Divergence - BSE Smallcap Index and Nifty/Sensex–Momentum Divergence–How long can it continue ?
So finally we get a few stocks on Supports and Retest of previous Breakouts. Also posting a few charts very close to a resistance of last few years.
United Breweires – Can it break the 1200 barrier which is a resistance for the last few months and more than a year too.
Take Solutions – 120-180 Range for last couple of years. Can it breakout above 180-185.
Prism Cements – Retest of Breakout at 125-130
NIIT Limited – A 45-50 pointer consolidation with breakout point at 120. Can it break out in coming weeks ?
Monte Carlo – Resistance at 650.
Max Ventures – Back to Supports.
LT Foods Retest of Breakout
CRISIL – Trend Change ? Back to previous Highs ?
BAJAJ Auto – Time for a quick breakout ?
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