It looks more likely that it would rise to 1291.955688 - 1298.321411 from 1285.589966 or 1282.407104. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1283.41
  • Entry Point1288.78
  • Trendline 11295.14
  • Trendline 21293.16
  • Elliott1297.12
  • Closing1285.59
  • Ex-Low1285.59
  • Ex-High1295.14
  • Projection1279.36

Supports and Resistance levels

  • Support 11282.41
  • Support 21279.22
  • Resistance 11291.96
  • Resistance 21298.32
  • Pivot1288.77

Preferred view is for a fall to 1282.477539 - 1277.597778 while 1291.353516 - 1295.349731 area resists. A clear break of 1305.109253 would be bullish.

Technical Forecast

  • Elliott Wave

    exagerated impulse wave up

Key Points

  • Key Point1292.50
  • Entry Point1290.11
  • Trendline 11289.12
  • Trendline 21293.90
  • Elliott1211.29
  • Closing1285.59
  • Ex-Low1279.36
  • Ex-High1297.12
  • Projection1290.79

Supports and Resistance levels

  • Support 11277.60
  • Support 21269.61
  • Resistance 11295.35
  • Resistance 21305.11
  • Pivot1287.36

Uptrend is still intact in a triangle configuration. It should continue to rally to 1308.217773 or 1303.991821 if support around 1262.663452 hold. After which a pullback to 1262.663452 - 1251.857666 zone is possible.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point1311.95
  • Entry Point1260.74
  • Trendline 11221.01
  • Trendline 21246.29
  • Elliott1160.23
  • Closing1282.38
  • Ex-Low1221.34
  • Ex-High1284.28
  • Projection1365.09

Supports and Resistance levels

  • Support 11241.05
  • Support 21199.72
  • Resistance 11303.99
  • Resistance 21325.60
  • Pivot1262.66