MCX:SILVERM1!
Observartion: trendline Breakdown
What is Trend line?
a trend line is a graphical representation of the general direction of price movement in a financial market.
Here are some key points about trend lines in trading:
Identifying Trends: Trendlines are drawn on price charts to connect significant lows in an uptrend or highs in a downtrend....
From 52000 to 72717 it's follow a trendline .
It respect 52 EMA very well. Also we can see a bullish engulfing candle was created in weekly chart . It's a good sign for bull run.
This year is the right time to invest in SILVER.
After breaking 78322 bull run start. Also global market perform very well .
Resistance 1: 72317
Resistance 2: 74136
Support 1:...
🔸Timeframe: 4 hour
🔸Strategy: Long
Bearish above 74653
Explanation: This trade strategy suggests entering a long position if the price surpasses 74653. The target for potential gains is set at 75583, while a stop loss at 74158 aims to manage potential losses.
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yes stya abv 75850 looks up side 76500-77000 near in spot analysis will 24.60 $ abv looks 25$ near soon where support 23.60 for reversal precious matel looks shining due to bet on rate cuts
🔸Timeframe: 1 hour
🔸Stratergy: Long
The intraday support at 75426 is crucial. A breach and sustained trading below this level may trigger a downside move of 100 points, potentially invalidating the bullish view. Traders should closely monitor this key support level for potential market direction. 📉
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The current price is undergoing a test of a robust support area, suggesting a possible rebound and a retest of local resistance before a potential decline.
There's an anticipation for silver to reach the 73000 zone in the coming days, contingent upon finding support within the range of 72500-72860. However, a breach of this support could indicate a potential...
silver spot 4th hrs chart looks bear move macd gvn bear brreakout blw 24$ looks dwn side 23.60-23.30$ sell on rise with sl 24.25 or mcx silver stya blw or hold 747650 sell on rise sl will be 74789 tgt looks 74350---74110+++ yes blw 23.604 sharp panic on chart looks and usdinr may be support
Hi all again this analysis is based on elliott wave and neo wave analysis.
Market has made 3 wave and corrected as flat structure(3-3-5) and then made X larger degree now currently market making expanding limiting triangle this will be the last corrective structure which will end as 4th wave and than finaly will rally for 5th wave.. Now major concern is this if...
Hi All this analysis is on elliott wave and Neowave.
At very higher time frame market is making Limiting expanding triangle( expanding triangle
consist of 5 sub waves which are 3-3-3-3-3(A-B-C-D-E) we are in now E structure as E structure is not yet completed it need to break B and D trendline to confirm the expanding triangle, Now market is in the direction of...
Timeframe: 4 Hour
Direction: Short
Waiting for movement in Silver after a gap-up opening. Currently observing liquidity. Because of it, we will likely see the price drop to lower targets soon.
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to...
Silvermic at short term support
Currently near the support levels where it's testing the support line. Expecting some short term upmove if condition sustain. Fall of around 10% so expecting short term upmove or a pause before the fall.
73200-73700 if not then can see a downmove.
No recommendations, just my view based on chart structure.
#Silver Update - Dec 12
Timeframe: 4-hour
Direction: Short
In Silver, a pause observed at 72000 level, now heading towards the next support at 70000. Eyes on U.S. CPI, Fed's decision.
eyes on 22.60$ in mcx 71500 if stya blw or close blw than sharp dnw side expect 22.230-22$ in mcx 71110 thna after 70600+++ expect on daily chart yes triple support on trend line 22.60 let see break or not sustain
71606 is a major support for the commodity. Below it short for sure.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Silver Futures Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels...
