TASI Takes a Tumble, Eyes for 11,000 Next!

TASI had a rough week, slipping over 3% to close just above 11,300.

In our recent weekly updates, we’ve been pointing out that 11,800 is a key resistance zone — and unless the index stays above it, the bullish trend can’t hold for long. That’s exactly what played out last week.

With the previous support now broken, TASI may slide further towards the 11,000 mark, a key psychological level that also aligns with an unfilled gap on the chart.

Outlook: The coming week could remain challenging for the index. It’s best to stay cautious and avoid fresh buying positions for now, as the risk of further downside still looms.

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