Smallcaps in India have had a good rally recently. But if we zoom back and see the Smallcap Index has just conquered the 2018 high.
We have been bullish on smallcaps since many months. The MACD buy on the monthly charts was the first indicator. Also see the moving averages on the daily charts. Once they all get aligned, there is a super rally that happens in smallcaps.
How long this rally continues, nobody can predict. But the charts indicate that the party may have just started. Longer the base, higher in space. Remain long, till the charts deteriorate.