Weekly Forecast (November 21 – 25, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1756.6, which will be followed by moving up to resistance level 1791.8.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1738.7, which will be followed by moving down to support level 1673.
Monthly Forecast, November 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1696.1, which will be followed by moving up to resistance level 1738.7 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1824.6.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1696.1, which will be followed by reaching support level 1622.2 and if it keeps on moving down below that level, we may expect the market to reach support level 1566.2.
