There are initial signs of a good corrective recovery to at least 1350.492432 or even above 1354.451660. Supports at 1342.502441 and 1338.471680 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1346.18
  • Entry Point1342.40
  • Trendline 11343.10
  • Trendline 21343.10
  • Elliott1338.61
  • Closing1346.39
  • Ex-Low1338.61
  • Ex-High1354.59
  • Projection1354.59

Supports and Resistance levels

  • Support 11338.47
  • Support 21330.55
  • Resistance 11354.45
  • Resistance 21362.51
  • Pivot1346.53

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