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SILVER1! trade ideas

SILVER DECEMBER FUTUREA "Bullish Channel" and "Bullish Price Action" are related concepts in technical analysis that both indicate positive market sentiment and an upward trend. Here's an explanation of each: Bullish Channel : A Bullish Channel is a technical chart pattern that represents an upward price trend with clear boundaries or channel lines. It typically consists of two parallel trendlines, one acting as support and the other as resistance. Here's what characterizes a Bullish Channel: Support and Resistance : The lower trendline acts as support, and the upper trendline acts as resistance. The price tends to bounce between these two lines, creating a channel. Uptrend : A Bullish Channel forms within the context of an existing uptrend, indicating a period of consolidation or a pause in the upward movement. Continuation Pattern : It is considered a continuation pattern, meaning that it often suggests the prevailing bullish trend will continue after the channel pattern. Trading Strategy : Traders may look for buying opportunities when the price approaches the lower trendline (support) and selling opportunities when it approaches the upper trendline (resistance). Bullish Price Action: Bullish price action refers to a series of price movements and patterns on a price chart that indicate a positive or bullish market sentiment. It can be observed in various ways, such as higher highs, higher lows, bullish candlestick patterns, and other positive signals. Here are some key aspects of Bullish Price Action: Higher Highs and Higher Lows: In an uptrend, you typically see successive price highs that are higher than the previous highs, and price lows that are higher than the previous lows. Bullish Candlestick Patterns: Look for patterns like engulfing candles, hammers, or morning stars, which suggest buying interest. Positive Volume: Increasing trading volume during price rises can confirm bullish price action. Breakouts: Bullish breakouts from consolidation patterns or resistance levels often indicate an upcoming bullish move. Fundamental Factors : Positive news, strong earnings reports, and other fundamental factors can influence bullish price action. In summary, a Bullish Channel is a specific chart pattern that occurs within an existing uptrend and signifies a potential continuation of that trend. Bullish Price Action, on the other hand, is a broader concept that encompasses various signals and patterns that suggest a positive market sentiment, which may or may not be associated with a channel pattern. Both concepts are important for traders and investors in assessing market conditions and making informed decisions
MCX:SILVER1!Long
by CA_Anand_Navander
4
silver fresh level and exisiting pos updatethose who went long from 66k-68k in silver gained almost 2000-2200 pts i think it will be wise to book profit and wait for new level the fresh buying level for silver will be 68400 let the price make a pullback after such good impluse movement follow the price on the basis of lower low and lower high look when it reaches 68400 zone wait for price to form higher high higher low as a signal for going long the current ornage and yellow levels are based on fib levels retracement look to buy near fva zone
MCX:SILVER1!Long
by Jimmy_Rebello
📉 Alert! Bullish Pattern Spotted! 📉 Alert! Bullish Pattern Spotted! 📊 Pattern: Symmetric triangle 📌 Symbol/Asset: Silver (MCX) 🔍 Description: Stock is making symmetric triangle pattern and now prices around support of the pattern. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
MCX:SILVER1!Long
by FiveCircles
silver could fall 3-4% ?? The Gap up of 30th aug was not Bullish case in the price gap just grabed all the pending liqduidity from old order block (from 20 and 27 july) due to gap up price face hard selling liquidity and buyer liquidity made a stretch of (15 or more than !%) which created the imbalance with all this conditions it is clear that price will be dropping lower to find more buyer liqudity the red arrow highlighting the buyer liqudity lvls for long entry only from 70600 - 70400 & main point of interest will be 70,000 - 69350
MCX:SILVER1!Short
by Jimmy_Rebello
2
Can $MCX:SILVERM2! Test 72000 Level before End of this Year ?Dear Followers I have identified a potentially lucrative opportunity in the MCX:SILVERM2! silver market. My analysis suggests that silver prices could experience a significant downturn in the coming weeks. This could offer an excellent short selling opportunity for those looking to capitalize on potential price declines. 📊 Key Factors: Recent Overbought Conditions: Silver has seen a notable surge in recent weeks, leading to overbought conditions. Historical patterns indicate that such spikes are often followed by corrective pullbacks. Technical Signals: technical analysis indicates the possibility of a trend reversal Near 77900-78100 Level , with key resistance levels showing signs of holding. Strategy: Sell MCX:SILVERM2! Near 78000 Level Stop Loss 79200, Target 75000, 73000, 72000 Time Frame 30-45 Days Investment required= 48000 Maximum Loss = 6000 Profit Upto = 30000 Best Regards, Ajay Metha
MCX:SILVERM2!Short
by PrachiMetha
2