The index formed a potential Tweezer Top on the daily chart, signaling a possible short-term reversal after an extended rally. RSI is also nearing the overbought zone, suggesting the market may be due for a mild correction or consolidation. On the fundamental side, rollover week and the upcoming Eid holidays are likely to trigger profit-taking, as investors look to secure gains and reduce exposure before the long break. A brief pullback cannot be ruled out in the coming sessions, so caution is advised at these levels
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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.