Nifty Smallcap Midcap 400 has had quite a journey since September 2024. Constant news flow. Geopolitical tensions. Something or the other almost every month. No dull phase.
From May 2025 especially, the headlines have been heavy. Yet despite all that, it has managed to defend the 18,500 zone again and again. Yes, it has been choppy. But it could have been much worse than what the chart is showing right now.
So the question is simple.
Is the bottom done here? Or do you see more downside?
Are we still stuck in a prolonged choppy phase?
Or are we near the end of it and setting up for something better than the last two years?
What’s your take?
#Trading
@AnkurPatel59 Setup A bcoz price is near to 52 week high and in momentum and the price is coming out of a good base and looks tight and stop loss can be placed below the tight zone