silver has reached the fib zone and our golden zone looking price need to make a pullback and we have two fair value zone 69000 and 68300
go long based on higher high and higher low formation
A "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...
those 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...
buy gvn 58220 or silver 70200 abv hit all tgt 59000 or 71000++++++++ minted moneyyyyyyyy-- now who stuck wrong side tell here dontmiss lvl trade with lvl stya here with us
As silver is in triangle so it should come down to 20.15 before moving up...If triangle is broken then it may come down further to 19$...this view is for 2-3 weeks
silver spot eyes on 21.50$ if stya abv or close abv thna expect up side 21.90--22.20+++++ or if support broken 22.70 or close blw thna will see 19.80-19--18++++ no if and but-- range 20.70-21.50$---------- mcx monthly chart hurdel 69300@ if hold blw thna nxt dwn side 65700-64800--63780++++ soon-- only abv 69300 sustain or close abv thna mkt up side only 71000+++
eyes on 21.35$ if stay abv thna expect up side 21.50-21.70$ in mcx 68000 abv looks some dedcta bounce till 68500+++++++ where if if hold blw gvn hurdel than mkt dwn possible again let see adp data
HI All - good opportunity to go long for Silver/ Silver Micro for Swing trade.
Timeframe - 1h
Key Highlights:
1. Bouncing off support zone
2. Taking support at good volume
3. Good risk and reward
I don't know🤷♀ why people are hurry to buy
There's no sign of fresh buying
Only shorts are covered with profit
Only risky trader's buy @ below yesterday low as a stoploss
But it's far away
📉 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...
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...
Below 72025 breakout, Selling silver for targets of 71000 and 70472 for the longer-term and 71064 as an immediate target.
On rejection of immediate support, 72154-150 and the price is rallying up then an alternative short is on rejection of 72750 as resistance.
- buy silver mini 72000--71800 sl 71500 tgt hold if trade abv 72400 thna will more update-- spot silver stya abv 23.10 buy on dipss with sl 22.85 tgt 23.40+++++++ trade wiyth lvl or sl dont stuck wrong side -- gold stya abv 58550 looks dedcta bounce 58670-720 buy on dips with low sl
