Bearish Pressure Mounts: TASI Eyes Lower Levels

TASI extended its downward momentum last week, breaking below the long-term trendline support and is now trading just above the horizontal support zone.

The breakdown has weakened the broader structure and reduced the probability of any meaningful rebound in the near term.

One small positive came from the last trading session, where the advance–decline ratio (a measure comparing the number of gaining stocks to those declining) stayed neutral, suggesting some underlying stability despite weakness.

Market sentiment is expected to turn positive only if the index sustains a move above 11,000.

For now, 10,600 is the key level to watch. A breakdown below this support could trigger further declines in the coming weeks.