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Wednesday, 3 August 2016

MTECHTIPS:-Silver prices to move higher towards 48650 levels: Choice Equity

MTECHTIPS:-Silver prices to move higher towards 48650 levels: Choice Equity

MCX Silver prices witnessed breakout of its pennant pattern on hourly basis . On the other hand, MCX Silver prices have been trading above its 50 HEMA which indicates positive confirmation to the prices . Furthermore COMEX Silver prices are trading in a Higher High Higher Low on 4 hour basis . Moreover, momentum indicator RSI is trading above 50 levels on hourly chart. Outlook For now we expect prices to move higher towards 48650 levels in few trading sessions.
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Posted by MTECHTIPS at 8/03/2016 05:15:00 am
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