The new resistance of the total stock market index – Tejaratnews

According to Tejarat News, on the last working day of the week, the total stock market index broke the downward channel and entered a new channel.

By breaking the harmonic support line, the most important support line is located in the channel of one million and 206 thousand units.

The channel support line of 1,206,000 units is static and has a very high power, so that it can push the overall index upwards.

Due to the fact that in the first week of November, the total capital market index fell sharply, there is an expectation that next week we will have a little liquidity in the stock market and the total index will strengthen, albeit a little.

In the RSI chart, it is clear that the overall stock index has been stuck in the oversold zone for about three weeks, and the decline in the stock market has made it possible to push the overall index higher.

Considering that the capital market foundation is very good, it seems unlikely that the total capital market index will fall below the channel of 1 million 206 thousand units.