Currently uptrend should end around 210.6450 - 211.5800 area. A correction down to 209.0750 - 208.4400 is expected. A rise above 212.8500 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    elongated flat correction up 211.8296

Key Points

  • Key Point211.21
  • Entry Point209.61
  • Trendline 1207.84
  • Trendline 2208.85
  • Elliott206.83
  • Closing210.31
  • Ex-Low207.84
  • Ex-High210.98
  • Projection211.83

Supports and Resistance levels

  • Support 1208.44
  • Support 2206.57
  • Resistance 1211.58
  • Resistance 2212.85
  • Pivot209.71

It is likely to fall towards 207.3900 - 205.8134 as its corrective rally could falter in 210.4950 - 212.0233 area. Stop above 215.1767 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 207.0050

Key Points

  • Key Point208.76
  • Entry Point210.35
  • Trendline 1212.38
  • Trendline 2210.50
  • Elliott214.04
  • Closing208.87
  • Ex-Low205.91
  • Ex-High212.12
  • Projection204.66

Supports and Resistance levels

  • Support 1205.81
  • Support 2202.76
  • Resistance 1212.02
  • Resistance 2215.18
  • Pivot208.97

One more dip to 208.0900 - 203.0933 is likely followed by a grind higher to 217.3000 - 221.5133. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point209.01
  • Entry Point212.34
  • Trendline 1219.38
  • Trendline 2215.80
  • Elliott241.40
  • Closing211.52
  • Ex-Low204.66
  • Ex-High223.08
  • Projection205.71

Supports and Resistance levels

  • Support 1203.09
  • Support 2194.67
  • Resistance 1221.51
  • Resistance 2231.51
  • Pivot213.09