GRASIM INDUSTRIES WEEKLY BREAKOUT

Grasim Industries on the weekly chart closed above Falling Channel Pattern resistance, Stock is likely to head towards higher levels in the next few trading sessions. One can initiate long position in Grasim with Stop loss of 650 on closing basis. We can Expect Targets of 850-900

This post is for educational purpose, consult to your financial adviser before taking any buy or sell decision.

Will SILVER Head towards Higher Levels from 50500 levels ??

SILVER MCX

SILVER MCX has seen Fresh Breakout above 49300, sharp up move has been seen in the SILVER MCX once it broke 49300 on the last Friday Trading session,

Now these levels around 49300-49500 will act as support for the SILVER, on the upside Resistance is seen around 51500 levels, Fresh up move will be seen only once SILVER MCX sustains above 51500 levels.

Strategy: Go Long in SILVER MCX Around Support Levels 49300- 49400 Levels on correction for the Targets of 51500- 53500 with the stoploss placed below 48300

SILVER COMEX

SILVER COMEX has support Zone of 17.55$ to 17.45$ As marked with the Zone in the Chart and on the Upside 18.50$ is the Resistance zone.

As the Trend is Up we may also see Silver Breaking the Upside Resistance of 18.50$ once Sustains and closes above 18.50$ we may see further upside in the SILVER COMEX

GOLD MCX JUNE 2020 PREDICTION

GOLD MCX

GOLD MCX trading around resistance levels of 46950 and if GOLD MCX sustains above 46950 we may see upside in the GOLD MCX and It can again head towards levels of 48000- 50000 in the coming days.

If GOLD MCX do not sustains above levels of 46950- 47050 We may see Gold MCX again heading towards channel support levels of 45600-45500. 

Strategy to Play: So right now we are trading at make or break levels which should be played on the long side with small stoploss and once Stoploss is hit one can reverse the position to short.

GOLD COMEX

GOLD COMEX is trading in Rising Wedge Technical Pattern (Marked with Blue Lines in the chart Above) Support Zone for the GOLD COMEX is 1725- 1735$ Per Ounce.

One can Buy with Targets of 1772 $ and Stop loss Below 1710$.

You Can Use These Levels to Play GOLD MCX MINI (Take you Own Decision and Analyse you Risk Capacity Before Entering into position)