Asian Indices TA — Tuesday, 13 October 2026

The Nikkei 225 declines 1.82% to 67,778, testing near-term support amid weakening momentum. The RSI-14 at 65 remains neutral but leans toward overbought territory, suggesting potential consolidation. Price holds above key SMAs (20d: 66,656; 50d: 66,098; 200d: 60,876), confirming the broader uptrend, but faces resistance at 69,197 (R1). A triple Double Top pattern (50% confidence) signals bearish reversal risks if the index breaches the ascending 20-day support at 67,059. Immediate resistance lies at 72,350 (20d trendline), while sustained weakness may target S1 at 62,589. The convergence of SMAs and trendlines indicates tightening price action, requiring a breakout for directional conviction.

The Hang Seng Index trades at 24,276, marginally higher (+0.02%) but remains in a bearish technical setup. The RSI-14 at 36 indicates oversold conditions, though downside momentum persists as price sits below all key SMAs (20d, 50d, 200d). Multiple confirmed Double Top patterns reinforce resistance near 26,000–27,300, while immediate support lies at 24,102 (S1). Descending trendlines across 20d and 50d frames further pressure the index, with resistance at 24,395 (20d) and 24,725 (50d) capping rallies. A break below S1 could accelerate declines toward 22,518 (S2), though oversold RSI may stall near-term selling. The broader trend remains downward unless decisive reclaims above SMA20 (24,486) occur.

The Shanghai Composite trades at 3,801 (+0.10%), showing mild bullish momentum but remaining below key SMAs (SMA20: 3,880, SMA50: 3,898, SMA200: 4,007), signaling bearish pressure. The RSI-14 at 33 indicates oversold conditions but lacks strong reversal confirmation. Resistance levels at 3,924 (R1), 4,012 (R2), and 4,156 (R3) cap upside, while supports at 3,767 (S1) and 3,547 (S2) provide downside buffers. Multiple confirmed Double Top patterns (92%, 89%, 71% confidence) suggest bearish continuation. Descending trendlines reinforce resistance near 3,923 (20d) and 3,993 (50d), with support testing 3,740–3,742. The index remains in a downtrend unless it decisively breaks above SMA20 and key resistances.

The KOSPI is currently trading at 6,035, down 5.46%, with bearish momentum indicated by an RSI-14 of 37. Prices remain below all key SMAs (20d: 6,803; 50d: 6,685; 200d: 6,385), reinforcing the downtrend. Multiple Double Top patterns (87% and two 50% confidence levels) suggest further downside potential. Immediate resistance levels are at 6,675 (R1), 7,020 (R2), and 7,187 (R3), while support lies at 5,051 (S1), 3,851 (S2), and 3,115 (S3). Descending trendlines on the 20-day and 50-day charts confirm bearish pressure, with the 20-day resistance at 6,973 and the 50-day resistance at 7,152. The index is testing near-term support at 5,911, with a break potentially accelerating declines.

The ASX 200 trades flat at 8,784, marginally higher by 0.01%, as the index consolidates near short-term support. The RSI-14 at 37 remains in neutral territory but leans toward oversold conditions. Price action hovers above the SMA20 (8,718) but below the SMA50 (8,919) and SMA200 (8,827), indicating mixed near-term momentum. Resistance levels are noted at 8,873 (R1), 9,065 (R2), and 9,240 (R3), while supports sit at 8,746 (S1), 8,588 (S2), and 8,323 (S3). Multiple bearish double-top patterns suggest potential downside pressure, reinforced by descending trendline resistance at 8,819 (20-day) and 8,801 (50-day). A break below 8,746 may accelerate declines toward lower supports. The overall structure remains cautious pending a decisive breakout.

The NIFTY 50 trades at 22,549 (+0.83%) but remains below key SMAs (20D: 22,874; 50D: 23,651; 200D: 24,238), indicating persistent bearish pressure. The RSI-14 at 43 shows mild bearish momentum, though not oversold. Multiple Double Top patterns (63%, 50%, 50% confidence) reinforce resistance near 22,584–22,863, aligning with descending trendlines. Immediate support is at S1 (22,183), with stronger resistance at R1 (24,307). The index must breach the 20D SMA to invalidate the downtrend, but the convergence of bearish patterns and moving averages suggests further downside risk unless buying volume accelerates. A break below S1 could trigger a test of 21,708–21,860 support zones.

The TAIEX trades at 49,302, down slightly by 0.02%, as bullish momentum shows signs of fatigue with the RSI-14 at 68, nearing overbought territory. The index remains above key SMAs (20d: 47,794; 50d: 46,274; 200d: 39,566), reinforcing the broader uptrend. However, three bearish Double Top patterns (92%, 95%, and 50% confidence) suggest potential near-term resistance. Immediate support lies at 48,769 (20d ascending trendline), with stronger levels at 44,332 (S1) and 41,987 (S2). Resistance is noted at 50,698 (20d ascending trendline). A break below 48,769 could trigger a pullback, while surpassing 50,698 may extend gains. Caution is warranted given overbought conditions and bearish patterns.