A range market is possible for the time being, as are the major supports and resistances shown below, which have served as price boundaries; if, however, these supports or resistances fail to hold, we may anticipate the range to come to an end.
The support rests at 43703.2 with resistance at 43798.1 which the price is below the Pivot Point at 43764.3 located between the lines. The EMA of 10 is in horizontal state, and it is above the EMA of 100 and 200. Both EMA of 100 and 200 are moving horizontally. The RSI is moving toward the level of 30, the MACD histogram is in negative territory with downward signals. The Stochastic is in low range zone. The ADX indicating a downtrend signal.
The price is inside the Ichimoku Cloud and the Chinkou Span is near the market price. The Tenkan-sen and the Kijun-sen are both showing a horizontal state.

• There is resistance at 43798.1, followed by resistance at 43859.2 and 43954.1.
• There is support at 43703.2 Below, there is 43669.4 and 43574.5.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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