Weekly Forecast (October 24 – 28, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1645.6, which will be followed by reaching resistance level 1674.3 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1696.1.
Downtrend scenario
An downtrend will start or from resistance 1674.3 or as soon, as the market drops below support level 1645.6, which will be followed by moving down to support level 1613.3.
previous week forecast
Monthly Forecast, October 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1673, which will be followed by reaching resistance level 1824.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1673, which will be followed by moving down to support level 1622 and 1566.
previous month forecast
