Short SilverSilver can be short here INR 94.6k, t1 93k, t2 92k, t3 90k and t4 87k. SL 98k
After a huge rally profit booking can be seen here.
I am bullish on Silver but before any further rally some consolidation and profit booking can be seen.
SIF2025 trade ideas
Silver Technical Analysis 23 - 24 May - MCXChart Pattern: Bullish Cup and Handle (Forming)
Upside Potential:
Target 1: Above 73,000 (Long-term bullish potential if the cup and handle pattern breaks upwards decisively)
Downside Risk:
Support 1: 90,600 Key support level)
Target 2: 87,750 (If price breaks below support 1 and invalidates the cup and handle formation)
Analysis:
#Silver is currently exhibiting a bullish cup and handle chart pattern (if forming). This pattern suggests a potential breakout and continuation of the uptrend if the price decisively breaks above the rim of the cup.
A break above 73,000 would be a significant bullish signal, indicating potential for further price appreciation in the long term.
However, if the price fails to hold above 90,600 (support 1) and breaks below this level, it could invalidate the cup and handle pattern and suggest a potential downside correction.
The target for this correction would be 87,750.
Overall:
The current technical outlook for silver is cautiously optimistic. The cup and handle pattern suggests potential for upside, but a break below key support could indicate a short-term correction.
Note: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
#gold #Silvermini #Crudeoil #naturalgas
Silver MCX Future Technical Chart Weekly Analysis 20-24 May📈 Silver MCX Future Technical Chart Analysis
📈 Weekly Levels for 20-24 May, 2024
📊 Weekly Movement Point: 91024
📉 Weekly Range: 8159
💰 Buy Above: 89419
💼 Average At: 88457
🎯 Buy Target 1: 96066
🎯 Buy Target 2: 99183
🛑 Buyer Stoploss: 86700
💰 Sell Below: 87494
💼 Sell Target 1: 85982
💼 Sell Target 2: 82865
🛑 Seller Stoploss: 90213
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silver rangeSince 2016, silver has adhered to a technical trend. Upon closer examination of the current trend, you'll notice the formation of another channel. Presently, it's attempting to breach the upper channel. This is a crucial range; it may breach and make new highs or remain within the existing channel, with a likely approach towards its third bottom, approximately near the 75000 mark.
#SILVER #Silver has given multi week consolidation breakout on MCX, there is high probability of it going toward that much awaited 6 digits mark very soon. The breakout also looks very health as it has consolidated well enough for quite some time near ATH resistance.
RSI has also broken out of a particular triangle pattern and indicating a RSI range shift, which potentially means the momentum can be very high..
silver gold zinc update blw edu pur.silve rstya blw 94000 looks dwn fall 93200-92800 where hrdel 94500 -- zinc blw 272.50 looks dwn fall or gold stya bwl 73800 some dwn side correction possible
Silver mcx sell trade active we can see huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver Intraday - MCX - May 16#Silver Intraday Analysis - Bullish Ascending Triangle
Current Price: Above 87460
Target:
Level 1: 87650
Level 2: 87800
Level 3: 88000
Chart Pattern: Ascending Triangle (Bullish Continuation)
Rationale:
Silver is trading above 87460 within an ascending triangle pattern. This pattern typically indicates a continuation of the uptrend. A breakout above the triangle's resistance (around current price) suggests potential for further upside.
Targets:
The analysis suggests three potential target zones based on the height of the triangle and the current price level.
Stop Loss:
A stop-loss order is placed below the triangle's support at 87260 to limit potential losses if the price breaks down below the pattern.
Risk Management:
Always remember to manage your risk by using stop-loss orders and position sizing appropriately. This analysis is for informational purposes only and should not be considered financial advice.
Silver sell we will see good fallOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver. Expecting reversal.Expecting a bounce from RSI trendline and a subsequent reversal in price.
Silver profit booked , sold at 94000. Booked at 90300 In last 3 days we get massive profit Copper 71 points profit, Sold at 937 booked at 893 , again buy at 885 booked at 902. Again sold at 893 booked at 883
Gold Sold at 74100 , profit booked at 71400 , 2700 points profit
Silver sold at 94000 , profit booked at 90300 , 3700 points profit
Crude Sold at 6650 , booked at 6350 300 points profit
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver sold at 94000 CMP 90450 tagt 89900 ,89080,,88100 ,87400, On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver MCX sell given at 94000 now 3500 points profit next 89400On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver mcx 28000 points profit running safe traders book profit On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
silver update blwsilver stya blw 92000 sell on ris looks till tgt 91400-91000 near sell on rise with tigth sl 92555
Silver MCX if break today low 86800 then good fall will come in On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
silver mcx or spot update edu. pur.silver spot eys on 26.60 stya blw looks dwn fall 26.20--25.50 soon where hurdel 27.20 only sustain abv thna new rally possible otherwise mkt come up or hold blw 27.20 thna dwn only. mcx 82711 if stya abv thna mkt up possible other wise mkt stya blw 81500 thna dwn fall expect 80880--80300+++++ more lvl stya tuned with us
Silver MCX May Future Weekly Chart Technical Analysis 6-10 May📊 Silver MCX May Future Weekly Chart Technical Analysis 6-10 May, 2024
🎯 Weekly Movement Point: 81043
🎯 Weekly Range in Points: 2415
📉 Buy Above: 81767
📉 Average At: 81483
🎯 Buy Target 1: 82535
🎯 Buy Target 2: 83458
🛑 Buyer Stoploss: 80962
📉 Sale Below: 81198
🎯 Sale Target 1: 79551
🎯 Sale Target 2: 78628
🛑 Seller Stoploss: 82003
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Silver - Rangebound. Demand zone around 80,000.On a daily chart MCX Silver trading at 81150, we have seen profit booking which took silver from 87000 to 81150, almost 6.75%.
At Current juncture Silver is trading in a rangebound, one can go long in Silver around 80500-80000 for the initial target of 87000, further 90000 levels.
SILVER AT SUPPORT Silver is at angular support in daily tf. bullish reverse divergence is also seen in daily tf where the price is making a higher low but oscillators are making a lower low.
monthly time frame is positive, silver is showing bullish signs. 78596 is a strong support zone.
study purpose. kindly do your own study before taking any trades.
Silver again sell at 81400 , we are holding sell grom 84500On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver sell given from 85000 , 5000 points profit running On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver MCX Future Weekly Technical Chart Analysis 29-3 May📊 Silver MCX Future Technical Chart Analysis
📅 29 May Future
🎯 Range Point: 80680
🎯 Weekly Range: 3139
📉 Buy Above: 81301
📉 Average At: 80931
🎯 Buy Target 1: 82620
🎯 Buy Target 2: 83819
🛑 Buyer Stoploss: 80255
📉 Sale Below: 80560
🎯 Sale Target 1: 78740
🎯 Sale Target 2: 77541
🛑 Seller Stoploss: 81606
Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you!
Future#Silver #SilverTrading #SilverFutures #SilverOptions #CommoditiesTrading #TradingStrategy #SilverPrice #MCX #CommoditiesFutures #CommoditiesOptions
