Daily Analysis

BIST100 Index Technical Analysis

The BIST100 index continues its downward trend, influenced by recent macroeconomic developments and market dynamics. Moving within a short-term descending channel, the index is approaching critical levels that need close attention. At this point, the 9,083 level stands out. Strong and high-volume closures above this level could signal a trend reversal and initiate an upward movement, potentially pushing the index towards the 9,786 level.

However, in the case of a pullback, investors should keep an eye on a significant support level at 8,616. A closure below this level could deepen the ongoing downtrend.

It’s important to closely monitor these critical regions, as volume and momentum analysis will provide key signals regarding the strength and direction of the trend.