Current rise seems to be over near 1295.488037 or 1301.235718 for a retracement towards 1289.740356 - 1286.160400 area.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1300.58
  • Entry Point1288.17
  • Trendline 11278.24
  • Trendline 21281.35
  • Elliott1275.14
  • Closing1294.08
  • Ex-Low1278.24
  • Ex-High1296.90
  • Projection1306.99

Supports and Resistance levels

  • Support 11282.58
  • Support 21271.08
  • Resistance 11301.24
  • Resistance 21308.40
  • Pivot1289.74

Uptrend is still intact in a triangle configuration. It should continue to rally to 1301.464600 or 1303.970337 if support around 1287.005249 hold. After which a pullback to 1287.005249 - 1282.057617 zone is possible.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1304.68
  • Entry Point1282.44
  • Trendline 11269.57
  • Trendline 21273.90
  • Elliott1263.73
  • Closing1294.08
  • Ex-Low1270.04
  • Ex-High1296.90
  • Projection1306.09

Supports and Resistance levels

  • Support 11277.11
  • Support 21260.15
  • Resistance 11303.97
  • Resistance 21313.87
  • Pivot1287.01

Market should hold major support at 6.099365 before rising towards 1714.390625 or even 2157.956055 limit.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1883.28
  • Entry Point946.97
  • Trendline 11306.09
  • Trendline 21254.59
  • Elliott10.66
  • Closing1270.82
  • Ex-Low10.66
  • Ex-High1306.09
  • Projection2189.99

Supports and Resistance levels

  • Support 1418.96
  • Support 2-432.91
  • Resistance 11714.39
  • Resistance 22157.96
  • Pivot862.52