Wednesday Forecast, 27 July 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4016, which will be followed by moving up to resistance level 4168.
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 3820.
This/Next Week Forecast (July 25 – 29, 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.
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 3723.
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.
