Weekly Forecast (February 20 – 24, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 787,2, which will be followed by moving up to resistance level 805.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 787,2, which will be followed by reaching support level 756 and if it keeps on moving down below that level, we may expect the market to reach support level 735.
Monthly Forecast, February – March 2023
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 723, which will be followed by reaching resistance level 947,2.
Downtrend scenario
An downtrend is not expected this month.
