Weekly Forecast (August 28 – September 1, 2023)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 472, which will be followed by reaching resistance level 507 and 542.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 472, which will be followed by moving down to support level 435.
Monthly Forecast, 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.
