Weekly Forecast (October 24 – 28, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1414, which will be followed by moving up to resistance level 1484.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1356, which will be followed by moving down to support level 1315.6.
previous week forecast
Monthly Forecast, October 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1356, which will be followed by reaching resistance level 1536 – 1576.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1356, which will be followed by moving down to support level 1288 and if it keeps on moving down below that level, we may expect the market to reach support level 1181,2.
previous month forecast
