The index showed a strong uptrend from March to early May, reaching a peak around 2,350. Since then, it has been in a downtrend, with lower highs and lower lows.
Support and Resistance :
Current support appears to be around 1,880-1,900. Key resistance levels are visible at 2,200 and 2,350.
Momentum :
The sharp decline in August suggests strong downward momentum, though recent price action shows attempts at stabilization.
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.
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.