It may meet resistance in 209.5500 - 210.1133 zone for a drift down to 208.9267 zone, after which bounce to 210.7367 is anticipated.

Technical Forecast

  • Elliott Wave

    flat correction down 208.7800

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point208.71
  • Entry Point209.21
  • Trendline 1211.30
  • Trendline 2209.07
  • Elliott213.53
  • Closing209.55
  • Ex-Low209.49
  • Ex-High211.30
  • Projection208.78

Supports and Resistance levels

  • Support 1208.93
  • Support 2208.30
  • Resistance 1210.74
  • Resistance 2211.92
  • Pivot210.11

It should try higher up to 211.4450 - 212.3334. Entry point 210.5567 or 209.8450. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    flat correction up 212.0075

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point211.75
  • Entry Point210.62
  • Trendline 1208.75
  • Trendline 2210.73
  • Elliott205.91
  • Closing210.91
  • Ex-Low208.78
  • Ex-High211.98
  • Projection214.04

Supports and Resistance levels

  • Support 1209.13
  • Support 2207.36
  • Resistance 1212.33
  • Resistance 2213.76
  • Pivot210.56

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