Silver Micro Futures – Technical Analysis (Daily Chart)
Summary:
Price Action:
A symmetrical triangle breakout has occurred on the upside, indicating a potential bullish continuation.
Current Price: ₹100,168
Breakout candle has strong bullish volume and closed above resistance.
RSI (Relative Strength Index):
RSI has broken out of a downward trendline and is currently around 63.44, suggesting renewed bullish momentum without being overbought yet.
Key Technical Signals:
Pattern: Symmetrical triangle breakout (bullish).
Volume: Likely increasing on breakout candle (strong signal).
RSI: Bullish divergence and breakout confirms strength.
Support Zone: ₹96,000 to ₹92,000
Next Target Zone: ₹104,000 to ₹108,000+
Conclusion:
Bullish Bias – Strong breakout both in price and RSI. A continuation rally is likely unless price re-enters the triangle. Keep stop loss near ₹96,000 for long positions.
Summary:
Price Action:
A symmetrical triangle breakout has occurred on the upside, indicating a potential bullish continuation.
Current Price: ₹100,168
Breakout candle has strong bullish volume and closed above resistance.
RSI (Relative Strength Index):
RSI has broken out of a downward trendline and is currently around 63.44, suggesting renewed bullish momentum without being overbought yet.
Key Technical Signals:
Pattern: Symmetrical triangle breakout (bullish).
Volume: Likely increasing on breakout candle (strong signal).
RSI: Bullish divergence and breakout confirms strength.
Support Zone: ₹96,000 to ₹92,000
Next Target Zone: ₹104,000 to ₹108,000+
Conclusion:
Bullish Bias – Strong breakout both in price and RSI. A continuation rally is likely unless price re-enters the triangle. Keep stop loss near ₹96,000 for long positions.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.