Weekly Forecast (February 20 – 24, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1543,4, which will be followed by moving up to resistance level 1567,4.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1543,4, which will be followed by reaching support level 1500,2 and if it keeps on moving down below that level, we may expect the market to reach support level 1472.
Monthly Forecast, February – March 2023
Uptrend scenario
The uptrend continuation is not expected this month.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1508, which will be followed by moving down to support level 1462, 1433 and 1400..
