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POSITIONAL LONG WITH CONFORMATION CLOSING ABOVE (DAILY BASIS) 68686 GO FOR POSITIONAL LONG WITH SL OF 66604 ********VIEW ONLY *********
Silver is consolidation since almost a month making lower high.....resistance is 71800 and a pattern of ascending triangle is made. Break Out abv 72000 can take Silver to 76000 - 77000. Break down below 68700 will take it to 64000- 65000 levels.
SILVER:- GO LONG AT CMP 66200 for target 75000 with STOPLOSS 63500 DCB #Disclaimer:-I just shared view for only educational purpose.
Silver formed inside bullish candle in 4 hour time frame, and breached consolidation zone. Possible targets: 1) 67,500 (that is 50% Fibonacci level), if it sustain on that level then we can hold to achieve the next target. That is 2) 68,500. Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only.
Here's the daily chart of the MCX SILVER. It started to rise from the 18th of March 2020. But currently, it's moving downside. It's a short time fall. After the particular level, it will start to move upside again. It may fall up to the support. And from that point, there will be a reversal in the trend. Targets for the future upside movement of the trend are the...
buy opportunity near support
Silver has broken the dynamic resistance & triangle formation. According to MA, EMA, & DMI, silver will run to reach 68800 - 69000 levels. It will start falling after breaking the hurdle/support line. How much? 68000 - 67600 below.
A full Curve formation possible in short period of time.
A daily close above INR 67000 (US$ 25.75) would confirm a breakout. A monthly close above $27.25 (approx INR 73000) opens the passage for $33 (INR 86000)
Symmetrical Triangle pattern after range bound move, may be breakout on upside is near...