Silver

Silver 2/21/2019 9:36:00 AM
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Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up in bullish trend along with some corrections retesting near the channel’s resistance slope line, where the market is expected to continue on the bearish trend. The negative rally could be extending all the way up to 40800-40500 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks above a key resistance holding at 41000 then the market might continue on bullish once again. The upside rally could test up to 41200 level. Key support holds at 40500.


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Technical Chart:
silver-chart
Silver 2/20/2019 9:12:00 AM
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Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up in bullish trend along with some corrections inside the channel, where the market is expected to continue on the bullish trend. The continuation of the trend will be confirmed once the prices breaks above a key resistance holding at 40660. The positive rally could be extending all the way up to 40800-41000 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might have a chance to retest the same and revise the trend to bearish once again. The downside rally could test up to 40400-40200 levels. Key support holds at 40200.


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Technical Chart:
silver-chart
Silver 2/19/2019 10:05:00 AM
silver-image

Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up in bullish trend along with some corrections inside the channel, where the market is expected to continue on the bullish trend. The continuation of the trend will be confirmed once the prices breaks above a key resistance holding at 40300. The positive rally could be extending all the way up to 40450-40600 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might have a chance to retest the same and revise the trend to bearish once again. The downside rally could test up to 40000-39800 levels. Key support holds at 39800.


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Technical Chart:
silver-chart
Silver 2/18/2019 9:19:00 AM
silver-image

Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up in bullish trend after few negative rallies inside the channel, where the market is expected to continue on the bullish trend. The continuation of the trend will be confirmed once the prices breaks above a key resistance holding at 40100. The positive rally could be extending all the way up to 40300-40500 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might have a chance to retest the same and revise the trend to bearish once again. The downside rally could test up to 39800-39500 levels. Key support holds at 39500.


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Technical Chart:
silver-chart
Silver 2/15/2019 9:49:00 AM
silver-image

Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up in consolidation and retesting after few negative rallies inside the channel, where the market is expected to continue on the bullish trend. The positive rally could be extending all the way up to 39700-39900 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks below a key support holding at 39300 then it might turn bearish once again. The downside rally could test up to 39150-39000 levels. Key resistance holds at 39900.


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Technical Chart:
silver-chart
Silver 2/14/2019 9:34:00 AM
silver-image

Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up in consolidation and retesting after few negative rallies inside the channel, where the market is expected to continue on the bullish trend. The positive rally could be extending all the way up to 39700-39900 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks below a key support holding at 39450 then it might turn bearish once again. The downside rally could test up to 39300-39100 levels. Key resistance holds at 39900.


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Technical Chart:
silver-chart
Silver 2/13/2019 9:58:00 AM
silver-image

Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up bearish in trend along with some corrections inside the channel, where the market is expected to continue on the bearish trend. The continuation of the trend will be confirmed once the prices breaks below a key support holding at 39400. The negative rally could be extending all the way up to 39300-39150 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might retest the same and revise the trend to bullish once again. The upside rally could test up to 39600-39800 levels. Key resistance holds at 39800.


Research Report call:

Technical Chart:
silver-chart
Silver 2/12/2019 9:47:00 AM
silver-image

Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up bearish in trend along with some corrections inside the channel, where the market is expected to continue on the bearish trend. The continuation of the trend will be confirmed once the prices breaks below a key support holding at 39750. The negative rally could be extending all the way up to 39600-39500 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might retest the same and revise the trend to bullish once again. The upside rally could test up to 40000-40250 levels. Key resistance holds at 40250.


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Technical Chart:
silver-chart
Silver 2/11/2019 8:34:00 AM
silver-image

Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up bullish in trend after few negative rallies inside the channel, where the market is expected to continue on the bullish trend. The continuation of the trend will be confirmed once the prices breaks above a key resistance holding at 40200. The positive rally could be extending all the way up to 40350-40500 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and revise the trend to bearish once again. The downside rally could test up to 39900-39700 levels. Key support holds at 39700.


Research Report call:

Technical Chart:
silver-chart
Silver 2/8/2019 9:17:00 AM
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Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up bearish in trend along with some corrections inside the channel, where the market is expected to continue on the bearish trend. The continuation of the trend will be confirmed once the prices breaks below a key support holding at 39800. The negative rally could be extending all the way up to 39650-39500 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might retest the same and revise the trend to bullish once again. The upside rally could test up to 40000-40300 levels. Key resistance holds at 40300.


Research Report call:

Technical Chart:
silver-chart