The index is undergoing a corrective wave influenced by various external factors, including oil prices and fears of entering a recession. This situation puts pressure on several key sectors, especially petrochemicals and cement. However, we expect the correction wave to complete near the support levels shown in the chart. Once stability is maintained above these levels, we anticipate a new rise targeting 12100, then 12350, and finally 12700.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.