Morning Star pattern is observed which hints buying in the counter. Expecting a move to 738 with the support of 732
Prices trade with higher high and higher low formation. The formation is considered as positive. Based on chart structure prices will move with positive bias. 12800 will be crucial support for the prices. On the higher side, 13500/13600 would be possible targets.
Higher high and higher low pattern which is considered as bullish pattern.
Spinning top was observed after a good rally, which indicated some profit booking. expecting a correction from the levels
Bullish moves are expected and thought of as continuation patterns developed in markets that are, for the most part, aimless in direction. The market seems listless in its direction. The supply and demand, therefore, seem to be one and the same. Prices action suggest further buying in the counter.
Silver Analysis #Prices have been showing a strong consolidation 📈 between 70500 and 69400 since August 8th, 2023⏳. With a potential rebound in mind, there's an #opportunity to #target a #near-term #goal of 71400 ⚡ while keeping risk in check at a reasonable level.