nifty 50 has made a good recovery after 20th June, same followed by the nifty small cap. check the fibonnaci levels, and there's a good support of MA 100, after 20th june. many nifty small and mid caps have to get there bull run, so this became a point of breakout. speaking about breakouts, it happens in the triangle pattern. so you could check the blue colour pattern drawn, its greatly forming the pattern. so there could be a possible of breakouts. many investors could step in, as nifty 50 will reach its good levels, then big FII-DII, could come take positions in nifty mid cap and small caps. LASTLY, do even check the rsi, breaking the lower highs, and lower lows pattern.
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