MCX Silver's Next Target 65200 by the Elliott Wave

Oct 14, 2020

Here, I have applied Elliott wave, moving average, volume, and MACD. Wave 4 can be steady or sideways for a while. Overall, silver is in an uptrend. Safe investors can buy silver at wave 4 for the following levels:

Intraday Targets: 62100 - 63300
Positional Targets: 64260 - 65200

At present, moving average and MACD throwing upward signal by crossover. Technically, multiple volume spikes are a great sign of a bullish trend.

Oct 14, 2020

Trade closed: target reached

The first target of 62100 has reached.

Oct 20, 2020

Note

All intraday targets touched.