🔹 The ASI Index remains in a strong uptrend, with bullish momentum pushing prices towards major resistance zones.
Key Levels to Watch:
✅ Resistance:
17,837 → 1.618 Fibonacci Extension and a critical resistance level.
17,093 - 17,092 → Short-term resistance before Fib extension.
🔻 Support:
16,728 → Key support if ASI pulls back.
16,242 - 15,523 → Major demand zones.
📈 Bullish Scenario:
If 17,837 is broken with volume, ASI could continue its rally towards new highs.
📉 Bearish Scenario:
Failure to break resistance may lead to a pullback towards 16,728 or lower support levels.
📝 Conclusion:
ASI remains bullish, but traders should watch for reactions at resistance levels.
A breakout above 17,837 would confirm further upside, while a pullback would provide potential re-entry zones.
💬 Let me know your thoughts in the comments! 👇
#CSE #ASI #SriLankaStocks #StockMarket #TradingView
Key Levels to Watch:
✅ Resistance:
17,837 → 1.618 Fibonacci Extension and a critical resistance level.
17,093 - 17,092 → Short-term resistance before Fib extension.
🔻 Support:
16,728 → Key support if ASI pulls back.
16,242 - 15,523 → Major demand zones.
📈 Bullish Scenario:
If 17,837 is broken with volume, ASI could continue its rally towards new highs.
📉 Bearish Scenario:
Failure to break resistance may lead to a pullback towards 16,728 or lower support levels.
📝 Conclusion:
ASI remains bullish, but traders should watch for reactions at resistance levels.
A breakout above 17,837 would confirm further upside, while a pullback would provide potential re-entry zones.
💬 Let me know your thoughts in the comments! 👇
#CSE #ASI #SriLankaStocks #StockMarket #TradingView
Dagangan aktif
ASI should protect 16300 level. If not, we will see downtrend for another few months.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.