As per the above chart, the parallel channel’s uptrend line can use as a stop loss. Hurdle: 162.6 Based on the current trend: Uptrend targets: 165 – 170+ Based on Fib. Retracement: Downtrend targets: 158.2 – 152.2 – 149.2
Keep your eyes peeled at the support trendline. It could fly from here for 1.25300 level. But this can happen only after two consecutive positive close. As per the S RSI, it’s under downtrend. Hence, complete breakout means a direct target of 1.21000 . Note: beware to fakeout.
For intraday traders: If that is a right shoulder, C (T1) and C (T2) are the next targets. S RSI is confirming the downtrend by crossover. For the long-term investor (Hurdle Breakout): T1: 47560 T2: 47260 T3: 47000
This information is sufficient for day traders. Further information will update soon.
Silver Decisive Breakout! This chart doesn't require any description. Targets, stop loss, and entry-level already described on the chart. If you have any queries or concerns then ask me in the comment section.
As per this chart, MCX crude oil is looking upside. Trend continuation Targets: 2900-3000 Breakout Targets: 2390-2160
The positive trend will start after a breakout of hurdle. Targets: 951 - 936 - 925
As per the following chart, MCX natural gas is under downtrend for a short period. Without fake-out, commodity natural gas prices may drop for 118 - 116 levels below. How about E? If its price remains above to the support, we will see 126.6 - 128+ soon.
Buy at 0.90380 - 0.90400 or above Targets: 0.9600 - 0.9700