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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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Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
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