The index is testing the 23,550 level as a key support, with the overall trend remaining bullish, including on the hourly timeframe.
🔻 Bearish Scenario:
If the price breaks below 23,550 and holds, it is likely to move toward 23,350.
🔺 Bullish Scenario:
If the price rebounds from 23,550 and holds above it, this could support further upside toward 23,700 as an initial target, followed by 23,850.
🔻 Bearish Scenario:
If the price breaks below 23,550 and holds, it is likely to move toward 23,350.
🔺 Bullish Scenario:
If the price rebounds from 23,550 and holds above it, this could support further upside toward 23,700 as an initial target, followed by 23,850.
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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.
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.