An effective candlestick pattern can be witnessed in Silver on a weekly time frame - The 3 bar play. A momentum buildup is in progress and the trend is expected to reverse. Silver has also given a breakout of it’s resistance of 58986 with good levels of volume. We expect a rally up to the levels of 61294-62660 in coming weeks. The above analysis is just for...
Silver : silver run in a pattern. From start of 2015 to mid 2020 was in the range 35000 to 49000 approx, after this range breakout silver entered in another range from sep'20 .. range of this new pattern is 55000 to 75500. Currently silver is trading around 59200, so it seems good time to invest in silver ..as range suggest in short term we can se 75000-76000...
ABCD pattern of harmonics is active price between 57000-58000 can be a good opportunity for a pullback trade. SL is reasonably small and RR os 1:3 With potential targets of 61000. Lets see!! Silver to the MOOOOOOOONNNN!!!!!!
Silver long (09 Aug) RSI- 59 Buy at CMP- 58900 or at 58770 SL- 58500 Target- 59388, 59785 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Just placed my idea in Position drawing. Red Zone: Resistance or Breakout Zone Grey Zone: Repeated Hurdles (Support/Resistance) Green Zone: Support or Breakdown Zone Note: BUY above Red Zone BUY at Green Zone. SELL at Red Zone or Trail at Grey Zone Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage. Also you can ask for my views on any chart.
Strong Support area 57900 - 58100 Ready ready for 61500 area Risk to Reward : Excellent
Its a running short trade. Just sell it with a SAR (Stop and Reverse) in the buying line. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks",...
Silver Short (01 Aug) RSI- 43 RSI divergence Sell at CMP- 58340 SL- 58570 Target- 58060, 57712 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Silver Short (01 Aug) RSI- 62 RSI divergence Sell at CMP- 57995 or around 58150 SL- 58450 Target- 57400, 57100 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
After a short consolidation break out is observed,Based on the trend and correction projected the price using Fib extention tool
If sustains 58000 Will stop definitely at 61500 next Av Buy rate near 58200 - 58300 Sl 58000 Tgt 60000/61500 Risk to Reward - Excellent
MCX:SILVER1! NO FAVOURABLE CHART PATTERNS, NO TECHNICAL SIGNS OF REVERSAL. Can a contra bet of long positions be initiated at current levels ? Well, the retail investors looking for diversification of their portfolio's, have a great opportunity to add silver futures. The risk reward ratio is favourable at current rates plus there is a high chance of bounce back...
Silver Long (26 July) RSI- 41 Buy at CMP- 54520 SL- 54350 Target- 54710, 55010 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Silver has formed bearish flag in DTF and WTF. Safe traders can short below 60000 for swing position. Minimum target 58500
Silver Mini MCX On 15 Mins Time Fame Chart is Consolidating between Range 57800- 56500, Breakout is Awaited Either side of the Range, Till Then one Can Sell around Higher side or Range and Buy on The lower side of the Range. As the Major Trend is down Currently, If Silver Mini MCX Contact closes below 56500 We have see Further sell off
Silver With Declining Weekly Volumes / Bullish COT Reports / Sweet Channel and Horizontal Support ALL nicely lining up now. It is ready for TURNING UP ON WEEKLY charts. But as Always COT Reports and Weekly Charts Takes Time to Turn. I am taking that as 2-4 Weeks Time. Keep an Eye on Daily/240 Mins Momentum Turning UP.
MCX:SILVER1! Silver Long Term : Bullish Price Action: Bullish Engulf RSI: RSI BULLISH DIVERGENCE DAILY CMP : 57154 Swing Stop loss : 56750 Long Term SL = 56300 Swing Target : 58190 Long Term Target : 58960 - 60500
58000 acted as a strong support before High chances are it will act as a strong resistance this time So sell near area 58000 Sl near area 58150 Target around 56000