Commodity | Silver - Short OpportunitySilver has formed bearish flag in DTF and WTF.
Safe traders can short below 60000 for swing position.
Minimum target 58500
SIU1! trade ideas
Silver Mini MCX 15 Mins Chart AnalysisSilver 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 Setting UP For UP-turnSilver 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.
SILVER RSI Bullish Divergence and Bullish EngulfMCX: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
Silvermic - More sellin to follow58000 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
Silver Weekly AnalysisSilver is still in demand zone. Weekly closing below 56k will give more down moves.
Happy Weekend
Silver Price action and RSI study Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area )
Learning Pointers
>> Pattern here is Descending triangle
>> Time frame here is Weekly
>> Candle position -> Mother bar : Inside bars on multiple weeks
>> Rsi telling about Divergence of price and relative strength ( Rsi making higher lows, meaning it is bullish )
>> Price making same lows
>> Price taking rest at 150dema, can combine itself with 200dema too in near future on W charts
SILVERAll detail for chat. good entry at mark price only. and must stoploss is 69250 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
Silver Support and resistance levels.Buy at support and sell at resistance..
P.S: View for educational purposes only.
Silver Short (20 June)Silver Short (20 June)
RSI- 40
Sell at CMP- 60790
SL- 61100
Target- 60420
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Disclaimer- We are not SEBI registered advisor.
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Silver coming weeksAfter breakdown from top in the month of February 22, is it ready for upside or more pain is existing in the back. Hopefully this will rise as stock market is tumbling down. Gold is also gaining strength.
SilverLooks silver showing good opportunity for long.
Marked important levels, please understand the price levels and take your own action.
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Disclaimer: None of the trading calls given by meshould be construed as an offer to buy or sell any financial instruments, nor advice to do so. All information shared by me is for learning purposes only and has no financial liability whatsoever to any user on account of the use of information provided above.
MCX silver bullish flag but without volumesMCX silver forming a bullish flag. Buy between 57500-59500 for 63000 to 66000. Stop loss below 55400 on closing basis. Volumes are not supporting on either side that is case looking in MCX Silver and MCX gold
Silver MCX at supportSilver is taking support at a trend line, also if we see 15 min chart we could see strong divergences
Silver : A Very Bullish viewSilver is trading between a range 5800 - 75000. Now it is heading upward to 75000. This time it will try to break this resistance and move higher to new uncharted territory to be in 6 figures.
so flow with the trend closing below 60000 will turn the trend neutral to bearish and below 58000 a very negative view for all long positions.
This is for information only. Check your risk profile with your financial advisor before taking any trade position.
sell silver minisell silver mini in 15 minutes around 62090 level. and your target is 62049.61995.61918 and your sl is 62126
SILVER MCXSILVER MCX in the near term 70500 - 70600 are the resistance zone for silver mcx, it has possibly completed wave ii in three wave decline, and now possibly wave iii is unfolding. If our wave counts are going correct then above resistance zone silver can show 79000 plus, where wave iii would be equal to wave i.
Currently price is sustaining above RK's stop line and also above RK's cloud along with buy signal in RK's Magic on daily chart, which is a good positive sign itself, if we see price is also above 20DMA and 20WMA, macd is also positive in both daily and weekly time frames, RSI on weekly is uptick, stochastic on daily is supporting same bias.
On the way down immediate supports are pegged at 67050 as a RK's stop line, and major support at 65298 to watch out for upcoming sessions.
Overall wave structure on weekly chart
macd positive in weekly and also above zero line
macd positive crossed in daily chart
RK's indicator also suggesting to go long
Price above 20WMA above mid bollinger in Weekly chart
Price above 20DMA above mid bollinger in daily chart
rsi in weekly uptick
stochastic in daily going positively uptick
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However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Silver will Behave Like GoldSilver is Likely to Behave in Line with Gold. Read my commentary on Gold. Same applies to Silver
Silver may give positive moveSilver is expected to move positively as it's RSI is above 51 and MACD will show positive move. And also break trendline with high volume
