ASI - All Share Index

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ASI

Following a "Gravestone Doji Candle" closure the previous day, the index ended with a red candle. The immediate support stands at 10662.30, with the next support zone likely at 10450-10550.

The RSI broke TL#3 and is now seeking support from TL #1. Monitoring these developments is key.

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After a "Gravestone Doji Candle" closed the previous day, the index saw a red candle, finding support at the 10-day moving average. The next immediate support is at 10662.30, with a broader support zone between 10450-10550.

This could be viewed as a retest of a Fibonacci level, indicating a potential trend reversal.

The Relative Strength Index (RSI) broke through TL#3 and is now looking for support from TL#1. It's crucial to closely monitor these developments for insights into market trends.