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How High Will MCX Silver Go?

Posted: 09 Sep 2020 05:27 AM PDT

By following the symmetrical triangle (ST), we can say that if candles will consecutively crossover the upper line, the silver will hit the following targets: 72460 – 75360 – 77800 – 80000+

According to the ST, the final targets are 86700 to 88000 levels.

But if you look at the volume and S RSI indicators, it is planning for a downtrend. And at present, silver is very close to the control price line. Hence, a downtrend may start from this point. A breakdown of control price can initiate a new fall for 70000 – 55785 – 50570 levels.

Keep eyes open while it breaks ST upside or downside. It’s a key for the smart traders.

If You Own Commodity Gold, Look Out Below.

Have you read my last gold report? If not, then you must read now: click here

I had written, “The position can be initiate at 52360 (BUY). It will keep moving upward after consecutive closing above to the control price.”

But it failed to close above the control price. Hence, as described in the chart, short positions can be initiate at 51660 levels.

In that article, I had written in bold words, “If gold breakdown CP, it may fall for 51360 – 51000 – 50500 – 50000 levels”.

Do you think gold will touch the last target of the 50000 levels?

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The post How High Will MCX Silver Go? appeared first on Moneymunch.

Have you enjoyed BANKNIFTY analysis?

Posted: 08 Sep 2020 11:52 PM PDT

BANKNIFTY Performance chart:

Have you remember analysis on BANKNIFTY Chart? If Not, –> Click Here to see

I had mentioned that Bank-nifty already started to look for the 4th Wave.

From Support : 32.8% at 23003=23134 & 50% at 22327, The price can travel for the 5th wave which can be above the 3rd wave.

Our First Target has been achieved by BANKNIFTY. Reversal is ready!!!

I hope everyone has enjoyed our FREE SERVICE.

Did You Remember TCS analysis? –> Click here to see

I had mentioned that investors will be more active at that particular time and told to buy and go for long. On TCS nearly 168 point bounce has come cheers everyone.

The post Have you enjoyed BANKNIFTY analysis? appeared first on Moneymunch.