Weekly Forecast (November 14 – 18, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 661.4, which will be followed by moving up to resistance level 698.6.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 661.4, which will be followed by reaching support level 642.6 and 604.
Monthly Forecast, November 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 706.4, which will be followed by moving up to resistance level 766.2.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 706.4, which will be followed by reaching support level 661.4 and if it keeps on moving down below that level, we may expect the market to reach support level 604.
