Current rise seems to be over near 1232.842529 or 1236.678345 for a retracement towards 1229.006714 - 1226.053711 area.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1233.42
  • Entry Point1228.18
  • Trendline 11221.33
  • Trendline 21225.97
  • Elliott1216.70
  • Closing1230.77
  • Ex-Low1221.34
  • Ex-High1234.91
  • Projection1236.57

Supports and Resistance levels

  • Support 11223.10
  • Support 21215.43
  • Resistance 11236.68
  • Resistance 21242.58
  • Pivot1229.01

It should be subject to more sell off towards 1212.597168 or 1203.094238. Corrective upward swings should face resistance around 1226.032227 area. A break of 1238.484131 is bullish.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1224.07
  • Entry Point1226.60
  • Trendline 11228.98
  • Trendline 21227.91
  • Elliott1230.06
  • Closing1222.10
  • Ex-Low1211.29
  • Ex-High1228.98
  • Projection1217.19

Supports and Resistance levels

  • Support 11212.60
  • Support 21203.09
  • Resistance 11230.29
  • Resistance 21238.48
  • Pivot1220.79

While below 1229.742432 - 1240.862549 it is more likely to fall further towards 1199.859863 or 1177.619751.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1227.32
  • Entry Point1215.09
  • Trendline 11199.73
  • Trendline 21209.44
  • Elliott1160.23
  • Closing1222.10
  • Ex-Low1196.38
  • Ex-High1237.39
  • Projection1238.49

Supports and Resistance levels

  • Support 11199.86
  • Support 21177.62
  • Resistance 11240.86
  • Resistance 21259.63
  • Pivot1218.62