SILVER FUTURES (MCX) OVERVIEW

 

SILVER FUTURES (MCX) – TECHNICAL TRADE PLAN & TRUE VALUE VIEW

Current Price Zone: ~205,000–206,000 Timeframe Observed: 1-Hour Overall Structure: Higher-high & higher-low → Uptrend intact

🔵 TREND ANALYSIS Primary Trend: Bullish

Price is moving inside a rising channel

Holding above rising 50 EMA / dynamic support

Pullbacks are being bought → demand dominance

➡️ Bias: BUY ON DIPS, NOT AGGRESSIVE SELL

🔵 KEY SUPPORT & RESISTANCE 🟢 SUPPORT ZONES 205,000 – 203,800 → Immediate support (channel base)

198,500 – 196,000 → Strong positional support

188,000 – 185,000 → Medium-term demand zone

🔴 RESISTANCE ZONES 208,500 – 210,000 → Immediate hurdle

215,000 – 218,000 → Positional resistance

225,000 – 230,000 → Long-term supply zone

🔵 TRADE SETUPS (TARGET & STOP LOSS) 📌 INTRADAY / SHORT TERM (Scalping – 1 to 3 days) Trade Side: BUY

Buy Near: 204,500 – 205,000

Target 1: 208,000

Target 2: 210,000

Stop Loss: 202,800

⚠️ Sell only if 204,000 breaks decisively

📌 MEDIUM TERM (Swing – 2 to 4 weeks) Trade Side: BUY ON DIP

Buy Zone: 198,500 – 201,000

Target 1: 215,000

Target 2: 222,000

Stop Loss: 194,500

➡️ Trend strength favors continuation upside

📌 LONG TERM (Positional – 2 to 6 months) Trade Side: BUY

Accumulation Zone: 185,000 – 195,000

Target: 230,000 – 245,000

Stop Loss: 178,000 (closing basis)

➡️ Structure remains bullish unless 185k breaks

🔵 WHICH SIDE MAKES MONEY? Short Term: BUY SIDE

Medium Term: BUY SIDE

Long Term: BUY SIDE

🔻 Sell trades are only for profit booking or breakdown below 198,000

🔵 TECHNICAL CONCLUSION (TRUE VALUE VIEW) Silver is trading above fair value but supported by momentum

Trend, structure, and volume favor continuation of upside

Corrections are healthy, not reversal

✅ FINAL VERDICT Primary Strategy: BUY ON DIPS Avoid: Blind selling near support Risk Control: Mandatory stop loss below supports