Preferred view is for a fall to 1327.290039 - 1321.728394 while 1337.057617 - 1341.263428 area resists. A clear break of 1352.386719 would be bullish.

Technical Forecast

  • Elliott Wave

    support in an extended wave up

Key Points

  • Key Point1335.31
  • Entry Point1334.82
  • Trendline 11333.99
  • Trendline 21336.80
  • Elliott1275.00
  • Closing1330.14
  • Ex-Low1324.44
  • Ex-High1343.97
  • Projection1463.45

Supports and Resistance levels

  • Support 11321.73
  • Support 21313.32
  • Resistance 11341.26
  • Resistance 21352.39
  • Pivot1332.85

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