CSE All Share Price Index
Diupdate

ASI : CSE - Will a reversal develop?

161
Previous Update

https://www.tradingview.com/chart/ASI/QcAwvUf7-ASI-CSE-At-a-Decision-Point/

We held a bearish bias in our last update, and the market played out as expected. On 28th Nov, the ASI tried to stage a reversal but ended up in a deeper pullback as sentiment turned more negative. The tragic cyclone fallout weighed heavily, and investor confidence in the government slipped due to perceived mismanagement of the crisis.

What’s next?

The IMF has agreed to release the next tranche, pending board evaluation on 15th Dec 2025. While the disaster’s impact is massive, Sri Lanka is still likely to see strong backing from the international community—IMF, WB, ADB—thanks to policy consistency even after the 2024 government change.

ASI has now reached a key support area (Green zone S2A).

Keep an eye out for reversal setups with confirmations.

If the index breaks below the green zone marked as S2A, downside could extend toward S3 (21K). Still watch the price action around 21.5 K for possible reversals.

H&S Target : 21450
Trade aktif
H&S Target : 21450 reached intraday.

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