Weekly Forecast (June 10 – 14, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 510, which will be followed by moving up to resistance level 542.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 490, which will be followed by moving down to support level 462 and if it keeps on moving down below that level, we may expect the market to reach support level 435.
Monthly Forecast, June – July 2023
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 490, which will be followed by reaching resistance level 542 and if it keeps on moving up above that level, we may expect the market to reach resistance level 637.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 490, which will be followed by moving down to support level 400.
