The index is currently trading near the resistance level of 23,550.
🔺 Bullish Scenario:
• A breakout and consolidation above 23,550 may support further upside toward 23,650 as the initial target, with a possible extension to 23,800 if momentum continues.
🔻 Bearish Scenario:
• If the price fails to break and hold above 23,550, it is likely to head towards 23,375, which is considered a potential rebound zone.
🔺 Bullish Scenario:
• A breakout and consolidation above 23,550 may support further upside toward 23,650 as the initial target, with a possible extension to 23,800 if momentum continues.
🔻 Bearish Scenario:
• If the price fails to break and hold above 23,550, it is likely to head towards 23,375, which is considered a potential rebound zone.
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.
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.