The 20-day SMA at 4,662 continues to act as dynamic support — price remains above it, reinforcing upside bias. RSI reading of 66 signals extended positioning. Watch for mean-reversion setups on any loss of momentum. The moving-average convergence divergence oscillator supports the bull case — histogram expanding above the zero line. At 7.7x normal volume, the flow data confirms institutional participation. This is a high-conviction move.

No significant recent moving average crosses.

RSI at 66.1 confirms strong buying momentum, with room to run before becoming extremely overbought.

MACD is expanding positively, highlighting that buyers are firmly in control of momentum.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Recent volume spikes on down-days warn of active distribution and seller dominance.

Consolidation / Range-bound Structure

The short-term moving average at 24,382 holds as support, keeping the 20-day trend channel intact for now. Momentum holds constructive at 60 — firmly in bullish territory with room to run before the tape gets stretched. MACD histogram remains in positive territory, underpinning the current directional move. Volume is running cold at 0.2x the norm. Without broader participation, the current directional bias is vulnerable.

No significant recent moving average crosses.

RSI at 59.9 is well within the neutral zone, showing balanced momentum without extreme conditions.

MACD is expanding positively, highlighting that buyers are firmly in control of momentum.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.

V-Shape Recovery / Double Bottom Formation

Price respects the 20-day average at 6,647 as a floor, offering a constructive base for directional longs. With RSI at 61, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. MACD confirms the directional momentum: histogram above zero and widening. The impulse leg has room to extend. Thin participation (0.1x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.

No significant recent moving average crosses.

RSI at 61.1 confirms strong buying momentum, with room to run before becoming extremely overbought.

MACD is expanding positively, highlighting that buyers are firmly in control of momentum.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.

V-Shape Recovery / Double Bottom Formation

The short-term moving average at 73.26 holds as support, keeping the 20-day trend channel intact for now. The oscillator at 59 reflects sustained buying interest — bulls control the momentum channel. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. Volume prints 17.0x above the 20-day average — institutional conviction backs the move.

No significant recent moving average crosses.

RSI at 59.4 is well within the neutral zone, showing balanced momentum without extreme conditions.

MACD is expanding positively, highlighting that buyers are firmly in control of momentum.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Recent volume spikes on down-days warn of active distribution and seller dominance.

Consolidation / Range-bound Structure

Price respects the 20-day average at 46,505 as a floor, offering a constructive base for directional longs. With RSI at 70, the risk/reward for new long entries deteriorates. Favour strategies that benefit from a pullback or consolidation. MACD histogram remains in positive territory, underpinning the current directional move. The scoring engine flags Short Put (Cash-Secured) with a 66% conviction score — the strongest signal in today's scan.

No significant recent moving average crosses.

RSI at 69.9 confirms strong buying momentum, with room to run before becoming extremely overbought.

MACD is expanding positively, highlighting that buyers are firmly in control of momentum.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.

V-Shape Recovery / Double Bottom Formation

With price anchored above the 20-day moving average (98.96), the short-term trend channel favours continuation higher. The 62 RSI reading is comfortably above the midline — momentum aligns with the directional thesis. The MACD reading is bearish — histogram below zero and expanding, suggesting selling pressure has momentum behind it. Low-conviction tape — volume at 0.2x average means the move lacks the sponsorship for sustained follow-through.

No significant recent moving average crosses.

RSI at 62.0 confirms strong buying momentum, with room to run before becoming extremely overbought.

MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Recent volume spikes on down-days warn of active distribution and seller dominance.

Higher Highs and Higher Lows (Uptrend Structure)

Sellers have pushed through the 20-day average (2.90), signaling a deterioration in near-term structure. With RSI at 38, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. MACD histogram negative and deepening — the momentum profile reinforces the short-side thesis. Volume registers below average — the move lacks broad participation and is susceptible to reversal.

No significant recent moving average crosses.

RSI at 37.9 confirms strong selling momentum, though nearing oversold territory.

MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Recent volume spikes on down-days warn of active distribution and seller dominance.

Lower Highs and Lower Lows (Downtrend Structure)