The weekly forecast is a little hazy, as prices have been trading in a range of 67300 - 65800 for the past three trading sessions. On the daily chart, the RSI is indicating negative divergence, which could limit the upside rise shown in above chart. Above 67400, further upside is possible, maybe leading to 68800 levels. On the other hand, failure to breach the...
Silver is making a inverse head and shoulder on the daily chart and currently 200 Dma is a acting as resistance. If it sustains above the 200 DMA then we can have a breakthrough above the neckline for further bullish momentum.
LEVELS AND TREND LINE UNDER 4HOUR CHARTS
1. Chart are in Line Chart Pattern and trend line is drawn which works as support and residence .
2. price are marked on wave pattern under 4 hours which is the combination of Higher -high and higher-low ( support ) and Lower -high and lower -low (residence)
3. two rectangle box also give confirmation of residence...
Silver Dec Long
2 Doji and Hammer Candle at medium term trend line
Buy at CMP- 63090
Target- 63390, 63500, 63700
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Charts and views are only for educational purpose.
silver for 20 aug if break 62000 hen its firt target is 61500 and if break this then may see big down move in lower side.on upside buy only above 64000 break and sustain.
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The short term crash is from around 73,000 and as per the trend lines analysis it seems a good support in 60,300. Buying from the current level is recommended.
Dear Traders ,
Please trade with your own and comfortable ideas.
Key level: 62110
On 6 June 2021, I had drawn a chart of silver ( ). Wherein, I've shown the silver can collapse up to 0.618 . It has made a low of 62184 and touched 0.618 levels of retracement.
If MCX silver crossover and close below the level of 62110 , it will...
Range: 66050 - 69000
Our Preference: Buy Silver 66350 back up Buy 66050 for target 68500 with SL only below 65700 (Only if sustain) .
Alternative Scenario: Sell Silver only below 65700 for target 63800 with SL of 450+ point.
Short Term Technical view
There is a weekly Chart of Silver MCX.
Trendline Begin from 27th Nov 2020 Low 57877
Silver is witnessing quite a huge dip today,
opened gap down below the support area, seeing further massive sell-off , this correction might extend further as i see a probability of cypher pattern on the daily chart and the support of cypher pattern also aligns with weekly support around 64810- 63000.
Hence , even if we se any rally in the coming trading session...