Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The index extended higher in line with our prior bullish view, clearing the earlier target at 48,020 and printing a 48,181 high.
Technical outlook
- 50-SMA (4H): Still trending beneath price, offering support.
- RSI: Now flashing negative signals on overbought readings, implying scope for a brief pullback to reset momentum.
Base case (near-term dip while below 47,820)
- A corrective bias is likely below 47,820, with attention on a retest of 47,560; an extension toward 47,425 is possible if momentum cools further.
Upside re-engagement
- Reclaiming and holding above 48,060 (4H close) would reassert bullish control and refocus 48,180, then 48,335.
Risk note
Volatility is elevated and may be disproportionate to potential returns. Use prudent sizing and hard stops; reassess quickly if the key levels are breached.
Trading in CFDs involves risks, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.
| S1: 47425 | R1: 48060 |
| S2: 47170 | R2: 48435 |
| S3: 46795 | R3: 48690 |
