Uptrend is still intact in a triangle configuration. It should continue to rally to 76.864349 or 77.014717 if support around 76.446304 hold. After which a pullback to 76.446304 - 76.238701 zone is possible.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point76.83
  • Entry Point76.26
  • Trendline 175.99
  • Trendline 275.99
  • Elliott75.42
  • Closing76.60
  • Ex-Low75.88
  • Ex-High76.86
  • Projection77.02

Supports and Resistance levels

  • Support 176.03
  • Support 275.46
  • Resistance 177.01
  • Resistance 277.43
  • Pivot76.45

While below 76.227829 - 76.507332 it is more likely to fall further towards 75.698395 or 75.448479. Premature rise above 76.507332 could see it rising above 77.007172 zone.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point76.57
  • Entry Point76.31
  • Trendline 175.39
  • Trendline 276.70
  • Elliott74.08
  • Closing76.01
  • Ex-Low75.39
  • Ex-High76.45
  • Projection76.44

Supports and Resistance levels

  • Support 175.45
  • Support 274.89
  • Resistance 176.51
  • Resistance 277.01
  • Pivot75.95

There is bearish potential for a fall to 74.709351 - 73.647980 while 75.770714 - 76.453850 resist. After this fall a recovery up to 76.453850 or 77.136986 is expected.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point74.64
  • Entry Point75.98
  • Trendline 176.09
  • Trendline 276.09
  • Elliott79.61
  • Closing75.01
  • Ex-Low74.40
  • Ex-High77.89
  • Projection71.45

Supports and Resistance levels

  • Support 173.65
  • Support 272.28
  • Resistance 177.14
  • Resistance 279.26
  • Pivot75.77