Thursday Forecast (August 4, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 4143, which will be followed by reaching resistance level 4204.75.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 4143, which will be followed by moving down to support level 4080.
This/Next Week Forecast (August 1 – 5, 2022)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 4205, which will be followed by reaching resistance level 4303.
Downtrend scenario
An downtrend will start from resistance 4205 or as soon, as the market drops below support level 3922, which will be followed by moving down to support level 3723.
previous week forecast
Monthly Forecast, August 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3922, which will be followed by reaching resistance level 4168 – 4202.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3922 which will be followed by moving down to support level 3639.
