While below 961.6600 - 966.2067 it is more likely to fall further towards 953.0450 or 948.9767. Premature rise above 966.2067 could see it rising above 974.3433 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction up 965.0750

Key Points

  • Key Point967.34
  • Entry Point963.04
  • Trendline 1948.02
  • Trendline 2969.44
  • Elliott926.60
  • Closing958.07
  • Ex-Low948.02
  • Ex-High965.25
  • Projection968.10

Supports and Resistance levels

  • Support 1948.98
  • Support 2939.88
  • Resistance 1966.21
  • Resistance 2974.34
  • Pivot957.11

Uptrend is still intact in a triangle configuration. It should continue to rally to 953.9740 or 966.2800 if support around 933.3400 hold. After which a pullback to 933.3400 - 923.0000 zone is possible.

Technical Forecast

  • Elliott Wave

    elongated flat correction up 963.3250

  • Trend Warning

    Warning: High Zone

Key Points

  • Key Point963.99
  • Entry Point926.90
  • Trendline 1905.35
  • Trendline 2908.35
  • Elliott884.50
  • Closing945.60
  • Ex-Low900.40
  • Ex-High954.02
  • Projection969.53

Supports and Resistance levels

  • Support 1912.66
  • Support 2879.72
  • Resistance 1966.28
  • Resistance 2986.96
  • Pivot933.34

Uptrend is still intact in a triangle configuration. It should continue to rally to 1002.1702 or 964.2968 if support around 899.0234 hold. After which a pullback to 899.0234 - 880.0250 zone is possible.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point967.22
  • Entry Point904.61
  • Trendline 1838.09
  • Trendline 2890.38
  • Elliott642.17
  • Closing926.30
  • Ex-Low833.75
  • Ex-High937.02
  • Projection930.21

Supports and Resistance levels

  • Support 1861.03
  • Support 2795.75
  • Resistance 1964.30
  • Resistance 21002.29
  • Pivot899.02