Quick Technical Analysis
$BOMB
Price Action:
The index is in a short-term downtrend, indicated by the descending trendline.
Current Price:
21,626.38, down 0.43% on the session.
Support Zone:
Around 21,600 – price is consolidating just above it.
RSI (14):
Currently at 43.26, with its moving average at 41.13 — momentum is weak but slightly improving. No clear bullish divergence seen.
Trend Outlook:
Until the price breaks above the descending trendline convincingly, bears remain in control. A break below 21,600 could lead to further downside.
Watch for:
Breakout above the trendline = potential short-term recovery.
Breakdown below 21,600 = likely bearish continuation.