Technical Analysis of Indian Equities by Nooresh

Smallcaps Down 15-30% from Peak–Time to Buy or Sell ?

Previously had written a detailed post on Smallcaps.

BSE Smallcap Index and Nifty/Sensex–Momentum Divergence–How long can it continue ?

Now that the Smallcaps after a month or so have corrected a good 15-30% from peak and the #BSESmallcapIndex and #NSESmallcap Index are down around 12-15% from peak its a time for review.

This quick chart gives you a good peak into what you should do ?

Nooresh - Smallcap Corrections

BSE SMALLCAP INDEX - Drawdowns in the last few years.
Bull Market  - 15-20% correction or 25-35% correction
Bear Market - 40-50% correction or Once in a Decade = 75-80% correction.
Start buying at a drawdown zone according to what you think is the
current structure.

I think we are in a Bull Market and it could be the first case. If you think otherwise then you need to decide accordingly

Also after such corrections new #sectors emerge like Textiles and Chemicals went up 25-100% in 2015-2016 when Nifty went down from 9000 to 7000.

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Article by Nooresh Merani

Nooresh has written 2700 articles.

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