Resistances lie around 1780.45 and 1784.98. It should test lower towards 1764.36 zone. A clear break of 1765.86 would be bearish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 1784.93

  • Trend Warning

    Warning: Low Zone

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1774.33
  • Entry Point1773.29
  • Trendline 11766.87
  • Trendline 21777.64
  • Elliott1756.11
  • Closing1773.41
  • Ex-Low1766.87
  • Ex-High1787.50
  • Projection1779.43

Supports and Resistance levels

  • Support 11764.36
  • Support 21755.30
  • Resistance 11784.98
  • Resistance 21796.55

While below 1780.45 - 1789.78 it is more likely to fall further towards 1762.95 or 1754.77. Premature rise above 1789.78 could see it rising above 1806.14 zone.

Technical Forecast

  • Elliott Wave

    support in an exagerated wave up 1757.10

  • Trend Warning

    Warning: End of trend

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1795.59
  • Entry Point1786.65
  • Trendline 11763.20
  • Trendline 21788.75
  • Elliott1590.12
  • Closing1773.41
  • Ex-Low1752.48
  • Ex-High1787.50
  • Projection1943.05

Supports and Resistance levels

  • Support 11754.77
  • Support 21736.12
  • Resistance 11789.78
  • Resistance 21806.14

Current rise seems to be over near 1692.71 or 1728.59 for a retracement towards 1656.84 - 1638.69 area.

Technical Forecast

  • Elliott Wave

    common flat correction up 1790.80

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1786.00
  • Entry Point1662.34
  • Trendline 11584.41
  • Trendline 21615.05
  • Elliott1527.20
  • Closing1692.30
  • Ex-Low1585.09
  • Ex-High1693.12
  • Projection1790.80

Supports and Resistance levels

  • Support 11620.55
  • Support 21548.80
  • Resistance 11728.59
  • Resistance 21764.87