🔹 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
Trade ativo
ASI should protect 16300 level. If not, we will see downtrend for another few months.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.