Silver

Silver 4/23/2019 9:17:00 AM
silver-image

Technical outlook

MCX Silver May 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 37500. The positive rally could be extending all the way up to 37700-37800 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 37200-37000 level. Key support holds at 37000.


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Technical Chart:
silver-chart
Silver 4/22/2019 9:18:00 AM
silver-image

Technical outlook

MCX Silver May 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 37350. 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 have a chance to retest the same and revise the trend to bearish once again. The downside rally could test up to 37100-36900 level. Key support holds at 36900.


Research Report call:

Technical Chart:
silver-chart
Silver 4/18/2019 9:10:00 AM
silver-image

Technical outlook

MCX Silver May 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 37350. 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 have a chance to retest the same and revise the trend to bearish once again. The downside rally could test up to 37100-36900 level. Key support holds at 36900.


Research Report call:

Technical Chart:
silver-chart
Silver 4/17/2019 3:40:00 PM
silver-image

Technical outlook

MCX Silver May 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 37350. 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 have a chance to retest the same and revise the trend to bearish once again. The downside rally could test up to 37100-36900 level. Key support holds at 36900.


Research Report call:

Technical Chart:
silver-chart
Silver 4/16/2019 9:03:00 AM
silver-image

Technical outlook

MCX Silver May 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 37350. 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 have a chance to retest the same and revise the trend to bearish once again. The downside rally could test up to 37100-36900 level. Key support holds at 36900.


Research Report call:

Technical Chart:
silver-chart
Silver 4/15/2019 8:29:00 AM
silver-image

Technical outlook

MCX Silver May 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 37350. 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 have a chance to retest the same and revise the trend to bearish once again. The downside rally could test up to 37100-36900 level. Key support holds at 36900.


Research Report call:

Technical Chart:
silver-chart
Silver 4/12/2019 9:17:00 AM
silver-image

Technical outlook

MCX Silver May futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up in bearish 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 36800. The negative rally could be extending all the way up to 36600-36500 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 37100-37300 level. Key resistance holds at 37300.


Research Report call:

Technical Chart:
silver-chart
Silver 4/11/2019 9:11:00 AM
silver-image

Technical outlook

MCX Silver May futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up in bullish trend but also consolidated inside the channel, where the market is expected to continue on the bullish trend. The negative rally could be extending all the way up to 38000 and furthermore levels in the upcoming sessions. An alternative scenario indicates that if the market breaks below a key support holding at 37500 then it might revise the trend to bearish once again. The downside rally could test up to 37400-37200 level. Key resistance holds at 38000.


Research Report call:

Technical Chart:
silver-chart
Silver 4/10/2019 9:20:00 AM
silver-image

Technical outlook

MCX Silver May futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up in bearish 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 only be confirmed once the prices breaks below a key support holding at 37700. The negative rally could be extending all the way up to 37500-37300 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 37950-38150 level. Key resistance holds at 38150.


Research Report call:

Technical Chart:
silver-chart
Silver 4/9/2019 9:26:00 AM
silver-image

Technical outlook

MCX Silver May 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 only be confirmed once the prices breaks above a key resistance holding at 38150. 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 37850-37650 level. Key support holds at 37650.


Research Report call:

Technical Chart:
silver-chart