Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The index extended its anticipated decline, posting a 46,895 low.
Technical outlook
- 50-SMA (4H): Now above price and acting as dynamic resistance, limiting recovery attempts.
- RSI: Still negative; trying to unwind oversold, but momentum remains fragile.
Base case (bearish while below 47,240)
- Maintaining trade beneath 47,240 keeps the downside in focus.
- A decisive break/4H close below 46,940 would likely resume the slide toward 46,840, then 46,570.
Upside toggle
- Reclaiming and holding above 47,240 would ease immediate pressure and allow a rebound toward 47,440.
Risk note
Volatility is elevated and may be disproportionate to potential returns. Use prudent sizing and firm stops; reassess quickly if these levels give way.
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: 46840 | R1: 47440 |
| S2: 46570 | R2: 47770 |
| S3: 46240 | R3: 48045 |
