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The TASI index experienced significant volatility last week, following global market trends. A sharp gap-down and heavy selling pushed it below 11,000, but it rebounded strongly and is now trading just above 11,500.
A symmetrical triangle pattern has formed on the chart, with a long lower shadow hammer this week suggesting a potential upward move in the near term.
A key resistance zone has been identified between 12,550 and 12,700. A breakout above this level could trigger a substantial bullish move.
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.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
