The index has confirmed a clean breakout from the falling channel and is now holding firmly above the trendline structure. Price has shifted into a stronger bullish posture compared to previous sessions.
The RSI has moved above 60, indicating momentum is entering bullish territory. Multiple higher-timeframe closes (weekly & monthly) also support continuation to the upside.
As long as price remains above the breakout zone, the upward targets remain active:
Targets:
• 170,000
• 175,350
• 179,800
Minor resistance lies near 168,200 and 170,000, but the broader structure favors continuation as long as the breakout holds.
Bias: Bullish
Invalidation: Breakdown below the channel support or failure to hold above the breakout level.
The RSI has moved above 60, indicating momentum is entering bullish territory. Multiple higher-timeframe closes (weekly & monthly) also support continuation to the upside.
As long as price remains above the breakout zone, the upward targets remain active:
Targets:
• 170,000
• 175,350
• 179,800
Minor resistance lies near 168,200 and 170,000, but the broader structure favors continuation as long as the breakout holds.
Bias: Bullish
Invalidation: Breakdown below the channel support or failure to hold above the breakout level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.