The 4-hour Silver Futures (MCX) chart is showing a clear Inverse Head and Shoulders pattern, a bullish reversal signal. The pattern comprises a left shoulder, head, and right shoulder, with the neckline around the ₹97,800 - ₹98,300 region.
The price is currently testing this neckline, and a successful breakout above this level, confirmed by increased volume, could trigger a significant upward move.
The price is currently testing this neckline, and a successful breakout above this level, confirmed by increased volume, could trigger a significant upward move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.