Uptrend is still intact in a triangle configuration. It should continue to rally to 1253.471924 or 1253.157959 if support around 1245.241089 hold. After which a pullback to 1245.241089 - 1242.837158 zone is possible.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1253.01
  • Entry Point1245.34
  • Trendline 11239.93
  • Trendline 21241.45
  • Elliott1216.70
  • Closing1248.35
  • Ex-Low1237.32
  • Ex-High1250.05
  • Projection1254.65

Supports and Resistance levels

  • Support 11240.43
  • Support 21232.52
  • Resistance 11253.16
  • Resistance 21257.97
  • Pivot1245.24

Current rise seems to be over near 1249.199341 or 1258.487427 for a retracement towards 1239.911255 - 1234.842529 area.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1261.01
  • Entry Point1241.24
  • Trendline 11221.33
  • Trendline 21231.38
  • Elliott1211.29
  • Closing1248.35
  • Ex-Low1221.34
  • Ex-High1250.05
  • Projection1269.28

Supports and Resistance levels

  • Support 11229.77
  • Support 21211.20
  • Resistance 11258.49
  • Resistance 21268.63
  • Pivot1239.91

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