Silver

Silver 10/19/2018 10:00:00 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 bullish retesting near an interim trend line 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 39100-39300 and furthermore levels in the upcoming sessions. An alternative scenario indicates that if the market breaks below the key support zone holding at 38500, then it might have a chance to revise the trend to bearish once again. The downside rally could test up to 38200 levels. Key resistance holds at 39300.


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Technical Chart:
silver-chart
Silver 10/18/2018 4:18:00 PM
silver-image

Technical outlook

MCX Silver futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up consolidated retesting near a key support zone 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 39050-39300 and furthermore levels in the upcoming sessions. An alternative scenario indicates that if the market breaks below the key support zone holding at 38750, then it might have a chance to revise the trend to bearish once again. The downside rally could test up to 38500 levels. Key resistance holds at 39300.


Research Report call:

Technical Chart:
silver-chart
Silver 10/17/2018 10:08:00 AM
silver-image

Technical outlook

MCX Silver futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up 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 break below the key support zone holding at 38700. The negative rally could be extending all the way up to 38500 and furthermore 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 39300 levels. Key resistance holds at 39300.


Research Report call:

Technical Chart:
silver-chart
Silver 10/16/2018 10:12:00 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 bullish in trend after few consolidations 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 break above the key resistance zone holding at 39300. The positive rally could be extending all the way up to 39500-39700 and furthermore 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 38700 levels. Key support holds at 38700.


Research Report call:

Technical Chart:
silver-chart
Silver 10/15/2018 10:05:00 AM
silver-image

Technical outlook

MCX Silver futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up bullish in trend after few consolidations 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 break above the key resistance zone holding at 39000. The positive rally could be extending all the way up to 39200-39400 and furthermore 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 38500 levels. Key support holds at 38500.


Research Report call:

Technical Chart:
silver-chart
Silver 10/12/2018 9:48:00 AM
silver-image

Technical outlook

MCX Silver futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up bullish in trend after few consolidations 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 break above the key resistance zone holding at 39000. The positive rally could be extending all the way up to 39200-39400 and furthermore 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 38450 levels. Key support holds at 38450.


Research Report call:

Technical Chart:
silver-chart
Silver 10/11/2018 9:48:00 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 in sideways trend retesting near an interim support trend line 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 38800 and furthermore levels in the upcoming sessions. An alternative scenario indicates that if the market breaks below the key support zone holding at 38400 then it might continue on overall bearish. The downside rally could test up to 38000 levels. Key resistance holds at 38800.


Research Report call:

Technical Chart:
silver-chart
Silver 10/10/2018 10:07:00 AM
silver-image

Technical outlook

MCX Silver futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up bullish in trend retesting a key support zone inside the channel, where the market is expected to continue on the bullish trend based on the price action. The positive rally could be extending all the way up to 39000-39350 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks below the key support zone holding at 38400 then it might turn bearish once again. The downside rally could test up to 38200-38000 levels. Key resistance holds at 39350.


Research Report call:

Technical Chart:
silver-chart
Silver 10/9/2018 10:11:00 AM
silver-image

Technical outlook

MCX Silver futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up bearish in trend after few positive rallies inside the channel, where the market is expected to continue on the bearish trend based on the price action. The continuation of the trend will be confirmed once the prices breaks below the key support holding at 38420. The negative rally could be extending all the way up to 38200-38000 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 38850 levels. Key resistance holds at 38850.


Research Report call:

Technical Chart:
silver-chart
Silver 10/8/2018 9:31:00 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 bullish in trend retesting near an interim trend line inside the channel, where the market is expected to continue on the bullish trend based on the price action and retest. The continuation of the trend will be confirmed once the prices breaks above the key resistance holding at 39350. The positive rally could be extending all the way up to 39500-39700 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 39000-38700 levels. Key support holds at 38700.


Research Report call:

Technical Chart:
silver-chart