A Good Fall from All-Time High
Posted On Saturday 18th January 2025
The market has experienced a significant fall from an all-time high of 26,277 on 27th September 2024 to 23,263 on 21st November 2024.
50% Retracement and Continuing Downtrend
The retracement reached a perfect 50% level at 24,794, indicating the market’s potential reversal point. However, the downtrend is expected to continue, with predictions suggesting the market may test the levels of 23,900 and 23,400.
Investors and traders should remain cautious and closely monitor market movements for further signals of support or resistance levels.