Uptrend is still intact in a triangle configuration. It should continue to rally to 1409.569580 or 1402.008423 if support around 1379.844238 hold. After which a pullback to 1379.844238 - 1373.008789 zone is possible.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1401.08
  • Entry Point1377.43
  • Trendline 11355.05
  • Trendline 21373.99
  • Elliott1332.94
  • Closing1388.34
  • Ex-Low1357.68
  • Ex-High1393.52
  • Projection1410.78

Supports and Resistance levels

  • Support 11366.17
  • Support 21344.01
  • Resistance 11402.01
  • Resistance 21415.68
  • Pivot1379.84

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