One move lower to 1315.696655 or 1311.448364 is anticipated while below 1327.170166 - 1329.578491 area. Stop loss above 1333.826782 zone.

Technical Forecast

  • Elliott Wave

    exagerated impulse wave up

Key Points

  • Key Point1335.08
  • Entry Point1333.13
  • Trendline 11325.59
  • Trendline 21336.03
  • Elliott1275.00
  • Closing1325.33
  • Ex-Low1319.94
  • Ex-High1329.01
  • Projection1330.41

Supports and Resistance levels

  • Support 11320.51
  • Support 21315.70
  • Resistance 11329.58
  • Resistance 21333.83
  • Pivot1324.76

Current rise seems to be over near 1306.090088 or 1316.453369 for a retracement towards 1295.726685 - 1290.135010 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1319.58
  • Entry Point1294.47
  • Trendline 11275.00
  • Trendline 21280.51
  • Elliott1269.49
  • Closing1305.27
  • Ex-Low1275.00
  • Ex-High1306.91
  • Projection1324.15

Supports and Resistance levels

  • Support 11284.54
  • Support 21263.82
  • Resistance 11316.45
  • Resistance 21327.64
  • Pivot1295.73

It should be subject to more sell off towards 1285.787598 or 1278.746704. Corrective upward swings should face resistance around 1342.594971 area. A break of 1333.433350 is bullish.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1323.93
  • Entry Point1295.12
  • Trendline 11296.10
  • Trendline 21298.14
  • Elliott1266.31
  • Closing1305.27
  • Ex-Low1266.31
  • Ex-High1306.91
  • Projection1316.00

Supports and Resistance levels

  • Support 11278.75
  • Support 21252.22
  • Resistance 11319.35
  • Resistance 21333.43
  • Pivot1292.83