Tuesday Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 557, which will be followed by reaching resistance level 580.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 557, which will be followed by moving down to support level 533.
This/Next Week Forecast (February 8 – 12, 2021)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 555, which will be followed by reaching resistance level 580.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 536, which will be followed by moving down to support level 500.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 450.
Monthly Forecast, January 2021
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 468, which will be followed by reaching resistance level 505 and if it keeps on moving up above that level, we may expect the market to reach resistance level 550.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 468, which will be followed by moving down to support level 425 and if it keeps on moving down below that level, we may expect the market to reach support level 390.
previous month forecast