Midterm forecast: 18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 18.95 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to...
Bank Nifty - Technical Analysis: Bank Nifty had a gap down opening and continued downward, closing 3.5% down. Bank Nifty breached the 22000 level before holding the 61.8% retracement level. Market - Driving Factors: Aditya Puri, Managing Director of HDFC Bank, sold over 95% of his stake in the company. Multiple other insiders sold their HDFC Bank...
In the last trading session, silver has gained +361 points. As we updated in previous newsletters, silver is flying with gold. Silver wings may cutoff after breaking out 60,000 levels and may fall till a hit of control price line. Hence, this breakout will lead the prices 59,000 to 58,000 . Don’t forget to keep your eyes peeled at 5 MA ...
gold currently in a visible uptrend , with support range in 1700 /1689 while hurdle at current level if current level hold a sharp upmove cant be denied of 50 /60 $ in gold while downtrend will begin in short duration if breaks 1700 on downside trade accordingly
Midterm forecast: . 18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend. . We will close our open trades, if the Midterm level 18.95 is broken. Technical analysis: . While the RSI uptrend #1 is not broken, bullish wave in price would continue. . A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to...
Midterm forecast: . While the price is above the support 16.50, resumption of uptrend is expected. . We make sure when the resistance at 18.95 breaks. . If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. . We will close our open trades, if the Midterm level 16.50 is broken. Technical analysis: . While the RSI...
Silver has decisively broken above the bullish flag pattern levels as highlighted on the chart and is now approaching major hurdle at $18.9. A break of this resistance, could push silver higher to its next resistance placed at $21. To be keenly watched!
New trading suggestion: * The price is in a range bound and we forecast the uptrend would resume. * There is still a possibility of temporary retracement to suggested support line (16.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the...
New trading suggestion: * The price is in a range bound and we forecast the uptrend would resume. * There is still a possibility of temporary retracement to suggested support line (15.85). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the...
Silver is going to take a short reversal for a while. And then BOOM...!!! Hurdle: 47000 A gesture is enough for a smart investor.
SILVER MCX Enters Bullish Zone Breaking Channel upper resistance as seen on the chart. We can see Levels of 51500 in the coming days. Silver MCX will enter bearish zone only once closes below 47500
Silver price action gives a bearish idea , it may go down to touch 15.8.. from there it may start the new month price action..
silver started its aggressive mode after several years . i hope it will continue its uptrend .
Silver has given a clean breakout from symmetrical triangle pattern on 15 mins time frame. Initiate long. Target: 15.840 Stoploss: 15.440
Silver has given a pattern breakout today, buy the dips for a target of 44500/- keep Rs. 300 stop loss.