With price anchored above the 20-day moving average (66,063), the short-term trend channel favours continuation higher. At 49, the momentum oscillator reinforces the bearish lean. Sellers have the edge in the near-term. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. Volume registers below average — the move lacks broad participation and is susceptible to reversal.

No significant recent moving average crosses.

RSI at 49.1 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.

Volume trend is balanced, showing no decisive edge for either buyers or sellers.

Consolidation / Range-bound Structure

Price respects the 20-day average at 1,780 as a floor, offering a constructive base for directional longs. RSI at 46 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. Momentum confirmation from MACD — the signal line crossover is bullish and the histogram continues to expand. At 0.6x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.

No significant recent moving average crosses.

RSI at 45.6 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.

Consolidation / Range-bound Structure