It looks more likely that it would rise to 211.8333 - 213.6167 from 209.7450 or 208.8533. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down 208.3700

Key Points

  • Key Point209.17
  • Entry Point210.79
  • Trendline 1209.44
  • Trendline 2211.86
  • Elliott212.42
  • Closing210.05
  • Ex-Low209.44
  • Ex-High212.42
  • Projection209.08

Supports and Resistance levels

  • Support 1208.85
  • Support 2207.66
  • Resistance 1211.83
  • Resistance 2213.62
  • Pivot210.64

It may meet resistance in 213.2200 - 214.1900 zone for a drift down to 211.0300 zone, after which bounce to 216.3800 is anticipated.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point211.77
  • Entry Point213.07
  • Trendline 1218.85
  • Trendline 2213.42
  • Elliott230.36
  • Closing213.22
  • Ex-Low212.00
  • Ex-High217.35
  • Projection210.10

Supports and Resistance levels

  • Support 1211.03
  • Support 2208.84
  • Resistance 1216.38
  • Resistance 2219.54
  • Pivot214.19

It may meet resistance in 221.7900 - 224.3667 zone for a drift down to 218.3733 zone, after which bounce to 227.7833 is anticipated.

Technical Forecast

  • Elliott Wave

    flat correction down 219.3400

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point217.93
  • Entry Point220.18
  • Trendline 1230.36
  • Trendline 2219.32
  • Elliott241.40
  • Closing221.79
  • Ex-Low220.95
  • Ex-High230.36
  • Projection219.34

Supports and Resistance levels

  • Support 1218.37
  • Support 2214.96
  • Resistance 1227.78
  • Resistance 2233.78
  • Pivot224.37