Silver Demand and Supply zones !Silver actionable demand and supply zones are marked in the chart above.
Generally price may reject from supply zone and price may bounce back from demand zones. In case price breaks out or breaks down the zones then we may see the strong price momentum on either side.
Do your research before placing any trade.
Silver
SILVER possible Elliott wave sountsHello Friends,
Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Silver May Futures #Intraday25-Apr 4:41 PM
Silver May Futures #Intraday
Sell at CMP- 74250
Stop loss - 74760
Target- As par strategy indicates
*For regular updates DM me*
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
#NSE #stockstowatch #stockstobuy #swingtrading
#MCX #commodities #commoditytips
GDX- Cup & Handle BREAKOUT BUY!Attached: GDX Daily Chart as of 7th April 2023
Price has given a Classic Cup & Handle Breakout Buy Signal on the Charts
What do Technical Indicators say on the Daily Chart?
- RSI is in overbought zone ( > 70) and confirming a Bullish Regime✅
- MACD is trending up and in buy mode, confirming Momentum✅
- DMI is in buy mode and ADX is above 25, confirming a Strong Up Trend✅
Going by Pure Price Action too and especially if you go on the Weekly Chart, you can see last Week put in a Clear Bull Power Candle which is our Breakout Candle
The Green Trend Line serves as the Neckline for the Cup & Handle Pattern
Trade Plan as follows:
Current Market Price= 34.43
Upside Target🎯= 40 to 42 zone
Stop Loss⚠️ can be < 32
This is our Swing/ Positional Trade Call
...............................................
Note:
Not only is GDX Bullish for the IMMEDIATE Short Term (Daily Time Frame as I have put out in this Idea), but it is also Bullish on the Higher Time Frames like the Monthly and the Weekly as well, so there is a Multi Time Frame Alignment too✅
Lastly, Refer to my Related Ideas to see my GDX Analysis on the Monthly Time Frame to get my Long Term View for an INVESTMENT CALL👍
GDX- BIG BULL OPPORTUNITY!GDX (VanEck Gold Miners ETF)
INVESTMENT CALL📈
Attached: Monthly Chart as of 7th April 2023
(Technical Analysis self explanatory as annotated✍️ in the Chart)
CMP= ~34
Upside Targets🎯:
T1= 40 +
T2= 60 +
T3= $100...
Stop Loss:
SL is Not Needed but just for the sake of it one can keep it below Last Month's (March) Candle Low so < 26.50
Upside Potential is almost 3x🚀 and that too in an ETF (not an individual stock)
With Risk⚠️ of just 25% at Max
The Risk Reward for this Investment is FABULOUS😮✅
And it is on the same thesis of the Bull Run in Gold & Silver 🥇🥈
..............................
Check out my Related Ideas for the Bullish Call that I had put out for Silver and how it met its Target
SILVER- Inverted Head and Shoulders Breakout BUY!Attached: XAGUSD Daily Chart as of 17th March 2023
Price closed up 4.20% on Friday with a Bullish Marubozu Candle
At the same time also triggering a Bullish Inverted Head & Shoulder Pattern Breakout
Action Plan as follows:
Buy triggered with Friday's Closing✅
Stop Loss⚠️ below 21.25
Upside Target🎯= 25 + (which is also the measured move of the IHNS Pattern)
Silver has to catch up📈 with Gold as the Precious Metals Bull Run unfolds amidst a Banking Crisis, High Inflation and Rising Interest Rates
Silver May Futures #Intraday6-Apr 7:47 PM
Silver May Futures #Intraday
Sell at CMP- 74105
Stop loss - 74460
Target- As par strategy indicates
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
#NSE #stockstowatch #stockstobuy #swingtrading
#MCX #commodities #commoditytips
SILVER- Relative Strength says Buy!XAGUSD
Another Bullish Signal for Silver🥈
Attached: XAGUSD/ Nifty 50 Weekly Chart as of 31st March 2023
- This Relative Strength Chart indicates that the Outperformance of Silver over Equity (Nifty 50) has started 📈
-It is similar to the Signal on Gold🥇 that I had shared on New Year's Day and you can see how fabulously well that Gold Buy Signal played out for us ‼️
- Expect the same for Silver as I have been saying that Silver has to catch up with Gold
So if Not Already in Silver,
Get In As Soon As Possible or you will miss the Move 🚀!
Note:
In my previous post on Silver, I highlighted an Inverted Head & Shoulder Breakout BUY SIGNAL
Since that post, Silver is up 6.60% and counting....
Silver on weekly resistance Silver on weekly resistance comex chart , looks for retrace on forthcoming weeks