TASI: Head and Shoulder Formation (Correction Phase)
TASI has been in uptrend since October 2023
Regional situations also not in favor of good upside potential
Head & Shoulder formation is clear with breakdown and retest of neckline
12,000 levels are good support level (H&S Formation target)
Trade with tight stop loss based on individual stocks setup.
Monthly and Weekly still in uptrend (HH, HL formation)
Seasonal: "May" Mostly in Bearish Phase for last decade
Regional situations also not in favor of good upside potential
Head & Shoulder formation is clear with breakdown and retest of neckline
12,000 levels are good support level (H&S Formation target)
Trade with tight stop loss based on individual stocks setup.
Monthly and Weekly still in uptrend (HH, HL formation)
Seasonal: "May" Mostly in Bearish Phase for last decade
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