This chart and analysis are not financial advice. Do your own research before trading or investing.
ASI
After a "Gravestone Doji Candle" closed the previous day, the index saw a red candle, finding support at the 10-day moving average. The next immediate support is at 10662.30, with a broader support zone between 10450-10550.
This could be viewed as a retest of a Fibonacci level, indicating a potential trend reversal.
The Relative Strength Index (RSI) broke through TL#3 and is now looking for support from TL#1. It's crucial to closely monitor these developments for insights into market trends.
ASI
After a "Gravestone Doji Candle" closed the previous day, the index saw a red candle, finding support at the 10-day moving average. The next immediate support is at 10662.30, with a broader support zone between 10450-10550.
This could be viewed as a retest of a Fibonacci level, indicating a potential trend reversal.
The Relative Strength Index (RSI) broke through TL#3 and is now looking for support from TL#1. It's crucial to closely monitor these developments for insights into market trends.