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BSE Small Cap Index

While we need an actual price reversal the BSE Small cap index has performed the best in the second line indices, making a new high. Doing so the entire structure for the last 2 months looks like an ending diagonal. An actual price move down has to confirm that the move up from the recent low is 3 waves in E. An ending pattern is a rising triangle that forms at the end of a trend and its completion.

smallcap-060717

smallcap-060717

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