Chart Observation:
The above chart is MCX Silver Monthly.
The chart shows History repeat itself theory of
Fibonacci Retracement.
We have observed that the Silver prices seen strong
support at 61.8 percent Fibonacci Retracement levels.
First time: from 8950 to 23150 and this rally
retrace to 61.8 percent 14650 levels (Blue Line)
After that Silver
prices make a new high of 27500 levels which was 90 percent Fibonacci
projections from 8950-23150-14650 levels.
Second Time: from 8950 to 27500 and again this rally
retrace to 61.8 percent 15550 levels (Brown Line)
After that Silver prices make a new peak of 73600
levels which was 312 percent
Fibonacci projections from 8950-27500-15550 levels.
**** Third Time (Projected) ****
From 8950 to 73600 and again
this rally will be retrace to 61.8 percent 33650 levels. (Orange Line)
And will be waiting
for reversed Targets like 55,555 – 66,666
-77,777 - 88,888 and so more like 1,11,111
Levels.
Time Horizon:
Two years to Three Years.
!! Recommendation !!
TRUE INFOTEC: BUY MCX SILVER IN THE RANGE OF 33000
–
30000 LEVELS PROJECTED TARGETS ARE 55555-
66666- 77777 - 88888 AND SO MORE LIKE 1,
11,111
WITH STOP LOSS OF 20000 LEVELS, CMP 43400.
....to be continued
Regards
Pradeep Karnani
09966028055
Toll Free No. 1800 4250 1111
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