Weekly Forecast (January 10 – 13, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3975, which will be followed by moving up to resistance level 4175.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3974, which will be followed by reaching support level 3804 and if it keeps on moving down below that level, we may expect the market to reach support level 3677.50.
Monthly Forecast, January 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3975, which will be followed by moving up to resistance level 4129.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3919, which will be followed by reaching support level 3677 and 3548.
