Weekly Forecast (April 17 – 21, 2023)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 681, which will be followed by reaching resistance level 724.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 654, which will be followed by moving down to support level 607.
Monthly Forecast, April 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 724, which will be followed by moving up to resistance level 771 and 805.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 724, which will be followed by reaching support level 654 and if it keeps on moving down below that level, we may expect the market to reach support level 607.
