In our latest post, we highlighted the outperformance of Small-caps over large caps and shared a few ideas that we thought could perform well going forward.
Here is part 2 of the Small-cap actionable ideas. Let’s see take a look at the names that have made the cut!
Nifty Small-cap 100 has been moving past crucial resistances. As can be seen from the chart below, we’re tracking 7,850 as the risk management level with 9,650 acting as the next target.
In no market can prices rally without minor corrections, so as long as this index is trading above 7,850, our bullish view remains intact.
Click on chart to enlarge view.
Now let’s take a look at some actionable ideas at current levels that look attractive on the long side for the next few weeks and months.
APL Apollo Tubes has been the leader of the pack in the metals segment. Take a look at the indicator pane, RSI hasn’t moved into negative territory since March 2020. Every pause in the price move has had RSI halting close to 50. This speaks volumes of the strength in the stock!
We are bullish above the level of 1,210 with a target near 1,835.
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