Weekly Forecast (November 7 – 11, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 419.1, which will be followed by reaching resistance level 431 and 439.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 419.1, which will be followed by moving down to support level 406.4.
Monthly Forecast, November 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 419.1, which will be followed by reaching resistance level 439 and if it keeps on moving up above that level, we may expect the market to reach resistance level 471.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 419.1, which will be followed by moving down to support level 391.9 and if it keeps on moving down below that level, we may expect the market to reach support level 375.3.
