Resistance Levels (Potential Selling Zones):
18,480 – 18,590: Immediate resistance at the 0.382 Fibonacci retracement (18,480) and the session high of 18,589.49.
19,140: Stronger resistance (horizontal level and 0.236 Fib), though likely out of range for next week unless a sharp rally occurs.
Support Levels (Potential Buying Zones):
17,930 – 17,945: Critical support combining the 0.5 Fibonacci level (17,945) and the horizontal line at 17,931.91.
17,410: Next support at the 0.618 Fibonacci retracement (17,411).
17,000: Psychological support level (round number).
Key Notes:
The index closed at 18,285.16 (down 0.35%), suggesting bearish pressure in the short term.
A break above 18,590 could signal bullish momentum, while a drop below 17,930 may trigger further downside toward 17,410.
18,480 – 18,590: Immediate resistance at the 0.382 Fibonacci retracement (18,480) and the session high of 18,589.49.
19,140: Stronger resistance (horizontal level and 0.236 Fib), though likely out of range for next week unless a sharp rally occurs.
Support Levels (Potential Buying Zones):
17,930 – 17,945: Critical support combining the 0.5 Fibonacci level (17,945) and the horizontal line at 17,931.91.
17,410: Next support at the 0.618 Fibonacci retracement (17,411).
17,000: Psychological support level (round number).
Key Notes:
The index closed at 18,285.16 (down 0.35%), suggesting bearish pressure in the short term.
A break above 18,590 could signal bullish momentum, while a drop below 17,930 may trigger further downside toward 17,410.
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.