AFTER A SHARPFALL THIS WEEK WE SEE SILVER RETRACING TO 0.618 LEVELS FROM HIGHS TO AROUND 62600 LEVELS The next support stands at 58400 odd levels and a further breakdown would give up on the bullish trend in silver. there are multiple resistaces at 65500 levels to 68300 to 70400 levels. the breakdown from the symmetrical triangle has to be seen . whether the...
BREAKOUT FROM THE DOWNWARD SLOPING TRENDLINE WITH HIGH VOLUMES. HAS TAKEN SUPPORT OF 0.618 RETRACEMENT LEVELS FROM HIGH.
A DOUBLE BOTTOM BREAKOUT OUT OF 92.4 LEVELS CAN LEAD IT TO 95.5 LEVELS AND A PULLBACK FROM LOWS CAN BE TILL 97.7 WHICH IS THE 0.618 LEVEL. DOLLAR ROCKETS UP THEN WHAT ABOUT THE COMMODITIES AND METALS? GOLD AND SILVER SUSTAIN? IS DOLLAR THE NEW INFLATION HEDGE?
THE COMPANY HAS BEEN PERFORMING WELL FUNDAMENTALLY AND HAS INCREASES SALES BY 15% YOY ALONG WITH A 25% INCREASE IN PROFIT YOY. AFTER STRONG FUNDAMENTALS THE TECHNICAL COMES INTO PLAY. A BREAKOUT ABOVE ATH WILL LEAD TO OUR FIRST CONSERVATIVE TARGET OF 225 LEVELS FOLLOWED BY FIB EXTENSION LEVELS OF 269 . 120 LEVELS WILL BE OUR FIRST SUPPORT. 90 LEVELS WILL ACT AS...
THE BREAKOUT OF AN ASCENDING TRIANGLE FROM 110 LEVELS CAN LEAD THE STOCK UPTO 170 LEVELS.
BERGER PAINTS HAS MADE A TRIPLE BOTTOM AT AROUND 680 LEVELS AND ALSO RETESTED ITS BREAKOUT LEVELS OF 780 . WE STAND A CHANCE FOR A SWIFT 880-890 LEVELS FROM HERE AND 1092 ON A SHORT TERM BASIS
A SMILEY FACE WITH A SUPPORT OF 65 ODD LEVELS. WITH A DOJI FORMING AGAIN WITH HIGH VOLUMES AT PREVIOUS SMILEY HIGH A FALL IS POSSIBLE , WE WAIT FOR A BREAKOUT ABOVE 77 LEVELS. BREAKOUT TARGETS - 90 , 120 , 132 BREAKDOWN BELOW 63 , THE PATTERN GOES INVALID MUTLIBAGGER? WELL WILL HAVE TO WAIT FOR IT.