Silver - Correction Time?A 1:1 movement (on Daily) has completed with a rising wedge in the end.
Expecting a 1.5-2k point pull back to start with.
A very good RR trade. :)
Contract highlights
Silver MCX Future Weekly Technical Chart Analysis for 15-19 ApriSilver MCX 29 May Future Technical Chart Analysis
📊 Range Point: 82813
📈 Weekly Range: 5398
🎯 Buy Above: 84064
🎯 Average At: 83427
🎯 Buy Target 1: 86149
🎯 Buy Target 2: 88211
🛑 Buyer Stoploss: 82265
📉 Sale Below: 82790
🎯 Sale Target 1: 79477
🎯 Sale Target 2: 77415
🛑 Seller Stoploss: 84589
Don't
Silver Shines Bright: Riding High Towards ₹1 Lakh Amidst Strong Technical Indicators and Outlook:
Technical indicators suggest a strong momentum for silver, backed by positive Chinese service PMI data and a closely correlated movement with gold prices. The gold-silver ratio also offers insights into future price movements, making silver an attractive option fo
Can we expect Silver Micro to 86950?Looks like Silver Micro is moving towards 86950, lets see if that happens
#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
📊 SILVER 29 APR WEEKLY CHART FUT LEVELS FOR 8-12 APRIL 📊 SILVER 29 APR WEEKLY FUT LEVELS
🎯 Weekly Range: 6020.00
📉 Buy at: 78730.36
🎯 Buy Target 1: 84583.36
🎯 Buy Target 2: 86883.00
📉 Average Position: 78020.00
🛑 Buyer Stoploss: 76723.69
📉 Sell at: 77309.64
🎯 Sell Target 1: 77142.64
🎯 Sell Target 2: 74843.00
🛑 Seller Stoploss: 79316.31
Silver Update || Apr 5 || MCX
TimeFrame: 1 Day
Price Levels: Silver is currently trading above the crucial psychological level of 79000, indicating strong investor interest and bullish sentiment in the market.
Current Price: 79650
Target: 80300- 80400
All-Time Highs: The ongoing price action has resulted in the establishment
Silver Short As seen on chart, a Harmonic pattern can be recognized. So, assuming a reversal can take place from the given price level, A small risk trade can be taken with a tight SL. Targets are marked on chart.
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Frequently Asked Questions
The nearest expiration date for Silver Futures (Jul 2021) is Jul 28, 2021.
The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Silver Futures (Jul 2021) before Jul 28, 2021.