Uptrend is still intact in a triangle configuration. It should continue to rally to 1483.214844 or 1486.362305 if support around 1473.092407 hold. After which a pullback to 1473.092407 - 1468.758545 zone is possible.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1484.60
  • Entry Point1470.35
  • Trendline 11458.83
  • Trendline 21465.68
  • Elliott1453.02
  • Closing1477.69
  • Ex-Low1459.82
  • Ex-High1481.76
  • Projection1483.28

Supports and Resistance levels

  • Support 11464.42
  • Support 21451.15
  • Resistance 11486.36
  • Resistance 21495.03
  • Pivot1473.09

It should test 1475.264893 area after which a sell off down to 1453.872681 or extended to 1443.768677 area is expected.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1469.62
  • Entry Point1459.86
  • Trendline 11466.56
  • Trendline 21454.32
  • Elliott1450.11
  • Closing1463.98
  • Ex-Low1450.11
  • Ex-High1466.56
  • Projection1478.80

Supports and Resistance levels

  • Support 11453.87
  • Support 21443.77
  • Resistance 11470.32
  • Resistance 21476.66
  • Pivot1460.21

It should be subject to more weakness towards 1434.431641. After which a correction to towards 1504.735718 is anticipated. A break of 1404.886719 is bearish.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1462.58
  • Entry Point1479.33
  • Trendline 11498.09
  • Trendline 21512.39
  • Elliott1557.00
  • Closing1463.98
  • Ex-Low1445.65
  • Ex-High1515.95
  • Projection1445.96

Supports and Resistance levels

  • Support 11434.43
  • Support 21404.89
  • Resistance 11504.74
  • Resistance 21545.49
  • Pivot1475.19