Silver

Silver 12/14/2018 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 session ended up consolidated but also bearish in trend after few positive rallies 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 36200. The negative rally could be extending all the way up to 36000-35800 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might have a chance to retest the same and revise the trend to bullish once again. The upside rally could test up to 38500-38800 levels. Key resistance holds at 38800.


Research Report call:

To View subscribe OR become a registered client
Technical Chart:
silver-chart
Silver 12/13/2018 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 bullish in 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 38600. The positive rally could be extending all the way up to 38800-39000 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 38300-38000 levels. Key support holds at 38000.


Research Report call:

Technical Chart:
silver-chart
Silver 12/12/2018 10:19:00 AM
silver-image

Technical outlook

MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up bullish in 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 38500. The positive rally could be extending all the way up to 38700-39000 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 38000-37800 levels. Key support holds at 37800.


Research Report call:

Technical Chart:
silver-chart
Silver 12/11/2018 8:17:00 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 bullish in trend opened up on a gap up formation 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 38500. The positive rally could be extending all the way up to 38700-39000 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 38250-38000 levels. Key support holds at 38000.


Research Report call:

Technical Chart:
silver-chart
Silver 12/10/2018 8:29:00 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 opened up on a gap up formation 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 38050. The positive rally could be extending all the way up to 38300-38500 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 37750-37550 levels. Key support holds at 37550.


Research Report call:

Technical Chart:
silver-chart
Silver 12/7/2018 9:56:00 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 bearish in trend opened up on a gap up formation inside the channel, where the market is expected to continue on the bearish trend. The negative rally could be extending all the way up to 37000-36900-36700 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks above the key resistance holding at 37500 then it might revise the trend to bullish once again. The upside rally could test up to 37800 levels. Key support holds at 36700.


Research Report call:

Technical Chart:
silver-chart
Silver 12/6/2018 10:10:00 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 bullish in trend 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 36500-36800-37000 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks below the key support holding at 36200 then it might revise the trend to bearish once again. The downside rally could test up to 36000 levels. Key resistance holds at 37000.


Research Report call:

Technical Chart:
silver-chart
Silver 12/5/2018 9:56:00 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 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 the key resistance holding at 37600. The positive rally could be extending all the way up to 37800-38000 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 37400-37200 levels. Key support holds at 36850.


Research Report call:

Technical Chart:
silver-chart
Silver 12/4/2018 10:17:00 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 the key resistance holding at 37250. The positive rally could be extending all the way up to 37500-37700 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 37000-36800-36500 levels. Key support holds at 36500.


Research Report call:

Technical Chart:
silver-chart
Silver 12/3/2018 9:33:00 AM
silver-image

Technical outlook

MCX Silver futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up bearish in trend retesting near the channel’s support slope line, where the market is expected to continue on the bearish trend. The continuation of the trend will be confirmed once the prices breaks below the key support holding at 35900. The negative rally could be extending all the way up to 35700-35500 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 36300-36500 levels. Key resistance holds at 36500.


Research Report call:

Technical Chart:
silver-chart