Market should not go lower than 77.021248 - 76.689873. After this move down it should go up to 77.541687 - 77.730751 area.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point76.97
  • Entry Point77.46
  • Trendline 177.89
  • Trendline 278.00
  • Elliott78.30
  • Closing77.07
  • Ex-Low76.97
  • Ex-High78.02
  • Projection76.80

Supports and Resistance levels

  • Support 176.69
  • Support 276.31
  • Resistance 177.73
  • Resistance 278.39
  • Pivot77.35

There is bearish potential for a fall to 76.580429 while 77.442589 - 77.686386 resist. After this fall a recovery up to 77.686386 or 77.930176 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point76.68
  • Entry Point77.35
  • Trendline 178.30
  • Trendline 277.75
  • Elliott78.86
  • Closing77.07
  • Ex-Low76.96
  • Ex-High78.30
  • Projection76.30

Supports and Resistance levels

  • Support 176.58
  • Support 276.09
  • Resistance 177.93
  • Resistance 278.79
  • Pivot77.44

Current rise seems to be over near 78.098251 or 79.601974 for a retracement towards 76.594536 - 75.803040 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point80.16
  • Entry Point76.22
  • Trendline 173.31
  • Trendline 274.84
  • Elliott72.26
  • Closing78.02
  • Ex-Low73.59
  • Ex-High78.18
  • Projection81.38

Supports and Resistance levels

  • Support 175.01
  • Support 272.00
  • Resistance 179.60
  • Resistance 281.18
  • Pivot76.59