Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 27.40 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
With the market spiral full of talks over Gamestop-led fund diversion to silver weighing on risks, the white metal trims the previous day’s gains on Friday. The commodity rose the most since early December on Thursday while extending its bounce off 100-day SMA beyond 21-day SMA. The upside move also gained support from bullish MACD and upbeat RSI. Also supporting...
SILVER:- GO LONG AT CMP 66200 for target 75000 with STOPLOSS 63500 DCB #Disclaimer:-I just shared view for only educational purpose.
buy silver mini 66060 Stop loss 65660 Target 67400
Here's the daily chart of the MCX SILVER. It started to rise from the 18th of March 2020. But currently, it's moving downside. It's a short time fall. After the particular level, it will start to move upside again. It may fall up to the support. And from that point, there will be a reversal in the trend. Targets for the future upside movement of the trend are the...
Gold has reversed from an important trendline. long on dips with 1826 Stop loss.
Silver should head down to the earlier indicated zone . This should be the final Y wave to end the correction.
HINDUSTAN ZINC - Possible to close above 260 by Friday?
Silver bouncing from the support. One can take long positions now for a target of 27.7 , 29.85, 32.40, 35...
Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 27.40 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. While...
COMEX silver spot is moving sideways with the fluctuation on the 15m timeframe. It started with the descending peaks and after that made three ascending peaks. Then fall again and made a descending peak. Right now, making a descending peak again, and targets are followings $26.460 - $26.430 - $26.360 . It will make more descending peaks and fall up to $ 26.260 .
Silver has broken the dynamic resistance & triangle formation. According to MA, EMA, & DMI, silver will run to reach 68800 - 69000 levels. It will start falling after breaking the hurdle/support line. How much? 68000 - 67600 below.
Buy Above :- 67860,(Above resistance Area) SL:- 66300 (Bellow Major support) Targets : T1:- 68380, T2:- 69460, T3:- 71225... Note:- 1. Please book your Targets near the points not at exact levels. 2. Stop loss should & must be there. Once the price level cross the T1 and sustain, you may trail your SL on entry price i.e.67860 to...
This is MCX Silvermini 15 minutes chart. I have used here moving average, Fibonacci, DMI, and RSI. Fib Levels: T 71496 and B 65664 Silver will try to touch 0.382 ( 67892 ) from here. It will act as resistance. Moreover, there is a 50 MA. If silver breaks both, it will fly from there and touch 68580 levels. Intraday traders can play between it. But if it...
Silver shotup today and had a volatile few mins with a wide range. This may have just completed the X Wave of the upward corrective from the late Sep Lows. X waves are generally sharp reactions. The upmove since the Sep lows is best counted as an X wave. Note the labels on the chart - nothing impulsive, overlapping and time consuming upmove. There is no impulsive...
A daily close above INR 67000 (US$ 25.75) would confirm a breakout. A monthly close above $27.25 (approx INR 73000) opens the passage for $33 (INR 86000)
Here I have used Gann fan and Fibonacci on Silver sport to identify the current trend. Fib Retracement: Top: $29.90 Bottom: $11.64 If silver remains above the 78.6% level, the target will be $27 - $27.8 . And if it goes inside 8/1 or remains below 78.6% level, we will see the silver price at 0.618 value of fib retracement. The day traders can use...