This/Next Week Forecast (August 15 – 19, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1418, which will be followed by reaching resistance level 1489 – 1507 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1592.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1418, which will be followed by moving down to support level 1356 and 1288.
previous week foreacst
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.
