This/Next Week Forecast (March 15 – 19, 2021)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1388, which will be followed by reaching resistance level 1436 and if it keeps on moving up above 1462, we may expect the market to reach resistance level 1510.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1388, which will be followed by moving down to support level 1337.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 1380.
Monthly Forecast, March 2021
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1390, which will be followed by reaching resistance level 1462 – 1510.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1298, which will be followed by moving down to support level 1180.
previous month forecast