​​These 5 small caps indicate bullish trend​

Roshni Agarwal, ETMarkets.com

Apr 12, 2023

New Long Pattern

​On the Futures Long Position Scan, 5 of the smallcaps are exhibiting New Long Pattern. In it, there is an increase in cumulative open interest and price of the underlying stock. This is a bullish indicator as it signifies the futures OI and price have increased. So, here are the 5 smallcaps suggesting a bullish trend. (Source: StockEdge)​

Image Source: iStock

​IndiaMART InterMESH​

OI change from the previous day: 9.4%; Change in price: 3.8%

Image Source: ETMarkets.com

​Granules India​

OI change from the previous day: 8.4%; Change in price: 2.7%

Image Source: ETMarkets.com

​Gujarat Narmada Valley Fertilizers​

OI change from the previous day: 5.5%; Change in price: 2.6%

Image Source: iStock

bulls

OI change from the previous day: 1.6%; Change in price: 0.6%

Image Source: iStock

​Glenmark Pharma​

OI change from the previous day: 1.5%; Change in price: 1.2%

Image Source: iStock

Thanks For Reading!

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