Silver bouncing from the support. One can take long positions now for a target of 27.7 , 29.85, 32.40, 35...
silver is writing lb pattern entry and target mentioned
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.
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...
AS PER FIBONACCI ANALYSIS, SILVER CAN GIVE GOOD MOMENTUM IF SUSTAIN ON 68,000 LEVEL, HOLD IF SUSTAIN ON 68 BULL TGT 69,900 BEAR TGT65,700 GO SHORT IF BREAK BELOW 67,300 Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below EDUCATIONAL PURPOSE ONLY.
just an update that silver is at trend line plane according to it
SILVER IF BREAKS THE TRENDLINE SUPPORT, CAN BE SHORTED FOR TARGETS OF 58416 AND 56098 RESP.
MCX:SILVER1! support at 60000 or sell if broken
Short Silver Below 24.17 Target 23.87 Target 23.32
Buy Silver at cmp 64080 Strict sl - 63199 Target - 66000/67000 Its a high risky trade, please consult your financial advisor before entering any trade.
Entry 25.26 Stoploss 25.08 Target 26.08
Sell At Cmp 62150 Strict SL - 62611 Target - 61400/60700 Purely intraday trade if silver doesnt close below 62000, dont hold it overnight..
Silver Is Breaking Out Multiple Channels. Buy At Cmp 63880 Strict SL - 63150 Target - 65000/65500
BUY SILVER @ 61150 - 61250 TGT 61900 - 62300 -62550 SL - 60600 INTRADAY & POSITIONAL.