Weekly Forecast (October 31 – November 4, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 5.820, which will be followed by moving up to resistance level 6.626 and if it keeps on moving up above that level, we may expect the market to reach resistance level 7.436.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 5.599, which will be followed by moving down to support level 4.929.
previous week forecast
Monthly Forecast, November 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 5.600, which will be followed by reaching resistance level 6.626 and if it keeps on moving up above that level, we may expect the market to reach resistance level 8.317.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 5.600, which will be followed by moving down to support level 4.929 and 3.536.
previous week forecast
