The chart displays a clear downtrend from a high of approximately LKR 16.8 in late 2024, followed by a significant decline. A potential reversal or base-forming phase appears to have begun around the May 2025 low (around LKR 13.0).
Current Market Structure
The stock has been trading in a sideways consolidation range since July 2025, primarily between the Daily Support area (approx. LKR 14.6 to LKR 14.8) and a local high around LKR 16.0.
Bearish Signal: The most recent weekly candlestick (ending early November 2025) is a large bearish candle that has decisively broken below the Daily Support zone and a previously respected rising dashed trendline. The closing price of LKR 14.4 is below these key levels, indicating a shift in short-term momentum from neutral to bearish. This breakdown suggests that the sellers have regained control.
Projection
The decisive breakdown below the LKR 14.6 - LKR 14.8 support area points to a high probability of a further decline to the next major support zone.
Initial Target (Weekly Support): The immediate projection is a move down towards the Weekly Support zone, which is clearly defined between approximately LKR 13.4 and LKR 13.7. This zone was a previous level of strong support and resistance.
Continuation: If the price fails to hold the Weekly Support zone, the next potential downside target would be the April/May 2025 low around LKR 13.0.
In summary, the chart shows a breakdown from a consolidation pattern, leading to a bearish short-term projection targeting the Weekly Support between LKR 13.4 and LKR 13.7.
Current Market Structure
The stock has been trading in a sideways consolidation range since July 2025, primarily between the Daily Support area (approx. LKR 14.6 to LKR 14.8) and a local high around LKR 16.0.
Bearish Signal: The most recent weekly candlestick (ending early November 2025) is a large bearish candle that has decisively broken below the Daily Support zone and a previously respected rising dashed trendline. The closing price of LKR 14.4 is below these key levels, indicating a shift in short-term momentum from neutral to bearish. This breakdown suggests that the sellers have regained control.
Projection
The decisive breakdown below the LKR 14.6 - LKR 14.8 support area points to a high probability of a further decline to the next major support zone.
Initial Target (Weekly Support): The immediate projection is a move down towards the Weekly Support zone, which is clearly defined between approximately LKR 13.4 and LKR 13.7. This zone was a previous level of strong support and resistance.
Continuation: If the price fails to hold the Weekly Support zone, the next potential downside target would be the April/May 2025 low around LKR 13.0.
In summary, the chart shows a breakdown from a consolidation pattern, leading to a bearish short-term projection targeting the Weekly Support between LKR 13.4 and LKR 13.7.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.