ASI
This chart and analysis are not financial advice. Do your own research before trading or investing.
At the close of the day, the 'ASI' index displayed strength as it closed within a robust support range of 10800-10875. If this momentum continues, we anticipate encountering the next significant resistance zone between 10960 and 11120, coinciding with the DMA 50.
Maintaining a position above the 10 DMA (Daily Moving Average) and RL #1 is vital at this moment.
Examining the RSI indicator, immediate support can be found around TL #3. Closing above TL #5 after surpassing TL #2 will indicate a clean and decisive upward movement.