Technical Outlook
Momentum continues to soften, with RSI below its moving average and trending lower. MACD shows emerging selling pressure. Despite near-term technical weakness, the medium-term narrative remains constructive, driven by expectations of earnings growth supported by government spending and a reaccelerating economic cycle into 2026.
Key Levels:
Support: 24,649.30 | Resistance: 25,816.50
Investor Takeaway:
Short-term consolidation persists, but longer-term fundamentals continue to favor upside once macro uncertainty clears.
