TASI Technical OverviewPosted on Tuesday, February 27 2018 at 5:38 am GMT+0000
Testing intraday support.
No major developments are being felt in the long term trend and the picture remains obviously Bullish. Long term traders long from 7120, are still joining their profits after the market reached their initial targets and will hold their positions towards 8200. However in the medium term, although the extended correction reaching below 7470 exposed some weakness to the prevailing Bullish structure, prices still endorses the upward movement. Should the market continue the upside tendency, the 7560 could provide nearby resistance, above which scope for a move towards previous highs will be increased. Thus such a move will act as trigger for short term longs.