Weekly Forecast (October 17 – 21, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 111.28, which will be followed by moving up to resistance level 114.07.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 111.28, which will be followed by reaching support level 109,210 and if it keeps on moving down below that level, we may expect the market to reach support level 106.31.
previous week forecast
Monthly Forecast, October 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 114,07, which will be followed by moving up to resistance level 117,08 and if it keeps on moving up above that level, we may expect the market to reach resistance level 122,07.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 114,07, which will be followed by reaching support level 109,21 and 106,31.
previous month forecast
