Wednesday Forecast (October 26, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3777.25, which will be followed by reaching resistance level 3936.25.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3777.25, which will be followed by moving down to support level 3639.
Weekly Forecast (October 24 – 28, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3820, which will be followed by moving up to resistance level 3936.25 and if it keeps on moving up above that level, we may expect the market to reach resistance level 4101.75.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3772 – 3820, which will be followed by reaching support level 3571.
previous week forecast
Monthly Forecast, October 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3936, which will be followed by moving up to resistance level 4175.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3936, which will be followed by reaching support level 3397.50.
previous week forecast
