Silver is likely to find resistance around $24 and then see a mild correction towards $20. Then the bigger wave towards $27-28 will start.
bullish flag is observed in 1 hour chart. if momentum remains constant we can see minimum 5-10% in 2-3 days. Monthly closing of gold and silver is also very bullish.
DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
In the last trading session, silver has gained +361 points. As we updated in previous newsletters, silver is flying with gold. Silver wings may cutoff after breaking out 60,000 levels and may fall till a hit of control price line. Hence, this breakout will lead the prices 59,000 to 58,000 . Don’t forget to keep your eyes peeled at 5 MA ...
BUY ABOVE 61020 FOR 100,200,500+++ SELL BELOW 60750 FOR 100,200,500++ Can comment or ping me for any query All views for Educational purpose, Trade at your own risk
1. spotted head and shoulder 2. draw your neckline 3. enter on breakout of the neckline 4. incase you missed, re enter on the retest of the neckline 5. draw your target 6. book profits near the target
Gap playing resistance and comparatively low volumes, expecting further fall.
The ongoing upward impulse pattern is showing signs of reversal.
Shorting Opportunity in Silver Future (MCX). Use a 1-Min time frame to enter.
Bullish trend may continue as stated in picture
My strategy tests downtrend and stated to continue till more 1000 point downwards