applying Fibonacci retrace and extension for my self practice.
Best Buy: 47700 Target1: 47800 Target2: 47850
MCX:SILVER1! Next Potential Target above 51000 in coming weeks.
SELL SILVER MCX cmp:- 47337 stoploss:-48800 target :- 43650 IN DAILY TIME FRAME RSI BUILD STRONG NEGATIVE DIVERGENCE SO I WILL TAKE TRADE FOR SHORT II AM NOT SEBI REGISTERED ANALYST SO TAKE TRADE ACCORDINGLY YOUR FINANCIAL EXPERTS.
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 has given a pattern breakout today, buy the dips for a target of 44500/- keep Rs. 300 stop loss.
The image speaks for itself: We have a clear Head & Shoulders Chart pattern arising in Silver. A break down of the Trend line / Neck line could initiate a Strong Sell at least up to $15 / $14 levels.
Currently have negative bias. Breaks 14, it can visit 9.1 and then 4.2 levels. Have to watch for false break outs..
Long Silver cmp : 14.740 Strict SL : 14 Duration : 3-4 weeks
LONG ... ASSUMING TGT.. ON CHART.. STOPLOSS- 16.060 comment your view.. For more query comment below.. i ll happy to see your view, comment and feedback And follow for such more analysis ....