This/Next Week Forecast (August 15 – 19, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 8,480, which will be followed by reaching resistance level 9,664.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 8,480, which will be followed by moving down to support level 7,550 and if it keeps on moving down below that level, we may expect the market to reach support level 6,500.
previous week forecast
Monthly Forecast, August 2022
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 8,755, which will be followed by reaching resistance level 9,664.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 8,755, which will be followed by reaching support level 6,500.
