Price is holding above a key horizontal demand zone, showing signs of a base formation after a sustained decline. With the anchored VWAP flattening and buyers defending the support, the setup favors a positional long toward the 25,250 region, with risk contained below 24,350. A decisive close above the recent congestion area could confirm trend resumption.
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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.