{"id":211535,"date":"2026-02-12T03:29:01","date_gmt":"2026-02-12T08:29:01","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/uncategorized\/chart-advisor-a-glimpse-at-indias-nse-small-cap-index\/"},"modified":"2026-02-16T09:53:46","modified_gmt":"2026-02-16T09:53:46","slug":"chart-advisor-a-glimpse-at-indias-nse-small-cap-index","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-a-glimpse-at-indias-nse-small-cap-index\/","title":{"rendered":"Chart Advisor: A Glimpse at India’s NSE Small Cap Index"},"content":{"rendered":"\n

By Akshay Chinchalkar, CMT, EPAT<\/a><\/p>\n\n\n\n

1\/ India’s NSE Small Cap Index <\/strong><\/p>\n\n\n\n

Investopedia is partnering with CMT Association on this newsletter.  The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned herein do not represent the views of CMT Association or Investopedia. Please consult a financial advisor for investment recommendations and services.<\/em><\/p>\n\n\n\n

1\/<\/h2>\n\n\n\n

 India’s NSE Small Cap Index<\/strong><\/p>\n\n\n\n

\"NSE<\/figure>\n\n\n\n

Past performance is not indicative of future returns.<\/em><\/p>\n\n\n\n

The post-budget drop and recovery in India’s NSE Smallcap index has activated a head-and-shoulders bottom (blue circles). This comes after a continuation head-and-shoulders top (red circles), within the larger downtrend that the market is currently in, got activated and projected a downside objective in the 16000 area. The low that followed this pattern occurred at the bottom-end of the falling channel, not too far away from the objective mentioned previously. <\/p>\n\n\n\n

Now, the current weight of the evidence shows that:<\/p>\n\n\n\n

    \n
  • The gap-up on budget day created a pattern called a “rising window” which lies between 16584 and 16705<\/li>\n\n\n\n
  • The market is trading above the right shoulder low (blue circle) and is currently above the head-and-shoulder’s neckline (blue)<\/li>\n<\/ul>\n\n\n\n

    Should bulls be able to hold their ground, first resistance can be seen at the early January highs around 18000, followed by the 18600 area, where the October peak lies.  Note that the series of falling highs and falling lows – the classic definition of a downtrend – will only be negated if the index were to climb above this October high. <\/p>\n\n\n\n

    —<\/p>\n\n\n\n

    Originally posted 11th February 2026<\/p>\n","protected":false},"excerpt":{"rendered":"

    By Akshay Chinchalkar, CMT, EPAT 1\/ India’s NSE Small Cap Index  Investopedia is partnering with CMT Association on this newsletter.  The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned […]<\/p>\n","protected":false},"author":186,"featured_media":211536,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[151,1150,146,8,12,153,22,148,7],"tags":[],"contributors-categories":[503],"class_list":{"0":"post-211535","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asia","8":"category-etps","9":"category-macro","10":"category-region","11":"category-securities","12":"category-stocks","13":"category-technical-analysis","14":"category-text-articles","15":"category-traders-insight","16":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nChart Advisor: A Glimpse at India’s NSE Small Cap 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