The resistance level at 67160 is a critical level for silver's trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360 , 68760 , and even as high as 69300+...
Multi commodity exchange this stock is now trading in TRIANGLE pattern waiting for the clear breakout. This pattern is showing in 1hr time frame. Purely intraday strategy. This is not any call or recommendation this is my study purpose analysis.
MCX day chart Support zone is 1425 Nearly resistance is swing high which is 1698 buy when price comes to near support zone 1430
Silver has shark on daily timefram with perfect BC resiprocal. lets wait for swap and retest for final target.
Naturalgas on reversal due to cypher completion and also as per RTM a very good level to long now.
as per my analysis . crude rejected at 6705 and going to drop 5895 in comming day. final target of crude as per my analysis 5640.it is for educational puropse
this chart shows now where is price moving through the chart the levels mentioned in the charts are references, I was expecting silver to go into a downtrend for a few days.
The silver has develped the good upside view as shown in the chart
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Educational purpose only MCX #MCX mcx #mcx MCX #MCX mcx #mcx MCX #MCX mcx #mcx MCX #MCX mcx #mcx
Gold futures is at INR 52352. Critical resistance for Gold is at INR 52585. Crossing INR 52585 looks little difficult and Gold will have to struggle a bit. Once the level of INR 52585 is crossed and the futures close above it the target for Gold will be INR 53637. Above INR 53637 the trench between INR 55005 to INR 55806 will be the one of the most difficult...
The commodity has broken out long back and retested now, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 1.5:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The commodity has broken down and retested, therefore may undergo a correction. Trade is supported by Resistances Nearby. Risk Reward Ratio - 1.5:1 SL is placed above the resistance zone & the upper trendline. The target is placed near support.
Crude on mcx , is forming a text book rising wedge pattern. which has bearish implication when gives a breakdown from the lower upward sloping trendline. watch out for your long. theory: 1)there should be an strong uptrend in the asset and should make a peak on a higher volume . 2) and then the price action forms a wedge type pattern and tries tries to retest...
MCX above 1385 can give good up-move minimum 1600++++ Levels All Investment Banking & Securities stocks are on the radar for a long.
Gold Petal MCX ( Commodity ) has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Long - above 1400 If price came near 1400- 1410-1420 add quantities Stoploss - 1350 Target - 1600 to 1640 Risk Reward - 1:3 to 1:4