🔹 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
İşlem aktif
ASI should protect 16300 level. If not, we will see downtrend for another few months.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.