Weekly Forecast (September 26 – 30, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 7,750, which will be followed by moving up to resistance level 9,238.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 7,750, which will be followed by reaching support level 6,500 and if it keeps on moving down below that level, we may expect the market to reach support level 5,325.

previous week forecast
 

Monthly Forecast, September 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 10.028, which will be followed by moving up to resistance level 11.90.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 10.028, which will be followed by reaching support level 7.532 and 6.500.

previous week forecast
 

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