Friday Forecast, 29 July 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1438, which will be followed by reaching resistance level 1507.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1438, which will be followed by moving down to support level 1393 and 1302.
This/Next Week Forecast (July 25 – 29, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1316, which will be followed by moving up to resistance level 1398.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1316, which will be followed by reaching support level 1259 and then to 1181.
Monthly Forecast, August 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1316, which will be followed by moving up to resistance level 1398.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1316, which will be followed by reaching support level 1181.
previous month forecast
