Weekly Forecast (October 24 – 28, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 73.75, which will be followed by moving up to resistance level 78.10.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 73.75, which will be followed by reaching support level 68.16 and if it keeps on moving down below that level, we may expect the market to reach support level 60.75.
previous week forecast
Monthly Forecast, October 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 68,16, which will be followed by moving up to resistance level 72,70.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 68,16, which will be followed by reaching support level 61,24 and if it keeps on moving down below that level, we may expect the market to reach support level 54,42.
previous week forecast
