Supply Zones (Red)
23,853 - 23,873
A strong supply zone near recent highs. Sellers are expected to defend aggressively here, making it a potential rejection area. A confirmed breakout and retest, however, could open the path toward new highs.
23,742 – 23,759
This zone reflects last week’s high-volume rejection. Acts as an intraday decision area: sharp rejections can trigger short setups, while a clean break and hold above would strengthen bullish momentum.
Demand Zones (Green)
23,553 – 23,573
A fresh demand zone aligned with recent breakout structure. Buyers may attempt to defend here for continuation longs. If broken, the zone flips into resistance, adding downside pressure.
23,473 – 23,500
Well-tested support area with prior absorption. Strong bounce potential, but multiple retests increase the risk of a breakdown. A failure here would likely accelerate bearish momentum.
Overall Sentiment: Cautiously Bullish on Fragile Ground
At its core, the market is cautiously optimistic right now. Positive momentum from Big Tech and expectations of looser monetary policy are fueling short-term upside potential. At the same time, consolidation and uncertainty around macro data keep sentiment restrained. Momentum is present but it relies on breakout moves holding.
23,853 - 23,873
A strong supply zone near recent highs. Sellers are expected to defend aggressively here, making it a potential rejection area. A confirmed breakout and retest, however, could open the path toward new highs.
23,742 – 23,759
This zone reflects last week’s high-volume rejection. Acts as an intraday decision area: sharp rejections can trigger short setups, while a clean break and hold above would strengthen bullish momentum.
Demand Zones (Green)
23,553 – 23,573
A fresh demand zone aligned with recent breakout structure. Buyers may attempt to defend here for continuation longs. If broken, the zone flips into resistance, adding downside pressure.
23,473 – 23,500
Well-tested support area with prior absorption. Strong bounce potential, but multiple retests increase the risk of a breakdown. A failure here would likely accelerate bearish momentum.
Overall Sentiment: Cautiously Bullish on Fragile Ground
At its core, the market is cautiously optimistic right now. Positive momentum from Big Tech and expectations of looser monetary policy are fueling short-term upside potential. At the same time, consolidation and uncertainty around macro data keep sentiment restrained. Momentum is present but it relies on breakout moves holding.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.