MCX Silver Micro Tips for Today


The below MCX silver micro tips & technical levels charts are updated at 9.30 am everyday based on the previous days data of the mcx silver micro and today's open price which is fetched from our server. Based on the quant's advanced camarilla equation and today's mcx silver micro open we have plotted the possible reversal and break out levels tips. Please use the levels and charts below for trading purposes. 

​Last Updated:  03/08/21

Long & Short Reversal Tips for Silver Micro MCX, INDIA

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

67955.55

67791.1

68174.82

68229.63

68284.45

Sell below

68284.45

68448.9

68065.18

68010.37

67955.55

Long & Short Breakout Tips for Silver Micro MCX, INDIA

Signal

Entry

Stop Loss

Target 1

Target 2

Breakout Buy above

68448.9

68284.45

68721.27

69039.39

Breakout Sell below

67791.1

67955.55

67518.73

67200.61

For your easy understanding we have plotted the above reversal and breakout level scenarios explanation in a easy readable chart below with entry, targets and stop loss.

Silver Micro MCX Tips Chart


MCX Silver Micro Tips

The Equation involves two types of trading one with the trend and one against the trend, the important levels to note are the L3 and H3 levels, where you may expect a reversal to occur (Research shows that reversals from L3 and H3 happen as often as 4 out of 5 times – 80% during intraday trading. ), and the L4 and H4 levels where you may expect a major breakout to occur.

Live Intraday Tips : Camarilla levels & mcx silver micro target for today 03/08/21

H6

69039.39

Target 2

H5

68721.27

Target 1

H4

68448.9

Long Break Out

H3

68284.45

Go Short / Sell Below

H2

68229.63

H1

68174.82

Pivot

68072.66

Pivot

L1

68065.18

L2

68010.37

L3

67955.55

Go Long / Buy Above

L4

67791.1

Short Breakout

L5

67518.73

Target 1

L6

67200.61

Target 2

How to Trade the Free MCX Silver Micro Tips


Trading is done on the basis of open of the commodity. Depending on the open price of silver micro there can be five different scenarios occurring. Each scenario is discussed in a very detailed manner below.

  • SCENARIO 1
  • SCENARIO 2
  • SCENARIO 3
  • SCENARIO 4
  • SCENARIO 5

When the open of mcx silver micro is between H3 : 68284.45 and L3: 67955.55


  To Enter Long Position (BUY)


Wait for the price to go below 67955.55 and again when the rate moves back above 67955.55 Go Long. Stop loss can be placed at 67791.1

Targets will be Target 1 : 68174.82, Target 2 : 68229.63, Target 3 : 68284.45


  To Enter Short Position (SELL)


Wait for the price to go above 68284.45 and again when the rate moves back below 68284.45 Go Short. Stop loss can be placed at 68448.9


Targets will be Target 1 : 68065.18, Target 2 : 68010.37, Target 3 : 67955.55

About Camarilla Pivot Point Intraday Trading Strategy :

Camarilla pivot point ( mean reversion ) is a very popular intraday trading strategy still used by many traders which has an astounding accuracy with consistent performance.

Camarilla pivot point theory is an advanced form of the existing normal classical pivot point strategy founded by Nick scott a very successful bond trader in end of 1980’s It is highly accurate for trading high beta stocks and commodities. The Equation works on thesis that price most of the time has tendency to revert to its mean.

MCX Silver Micro Short Term Tips


Short term levels are calculated based on the previous week mcx silver micro open high low close. Here today's open doesn't play a major role, henceforth use the levels calculated below for possible reversal and break outs for your short term positional trading.

H6

72221.66

TGT 2

H5

70772.75

TGT1

H4

69532.25

Long Break Out

H3

68824.13

Go Short / Sell Below

H2

68588.09

H1

68352.04

Pivot

67577

Pivot

L1

67879.96

L2

67643.91

L3

67407.88

Go Long / Buy Above

L4

66699.75

Short Breakout

L5

65459.25

TGT 1

L6

64010.34

TGT 2


Short Term Silver Micro Buy & Sell Reversal Tips

Signal

Entry

Stop Loss

Target 1

Tgt 2

Tgt 3

Short Term Buy above

67407.88

66699.75

68352.04

68588.09

68824.13

Short Term Sell below

68824.13

69532.25

67879.96

67643.91

67407.88

Short Term Silver Micro Buy & Sell Breakout Tips

Signal

Entry

Stop Loss

Tgt 1

Tgt 2

Short Term Breakout Buy above

69532.25

68824.13

70772.75

72221.66

Short Term Breakout Sell below

66699.75

67407.88

65459.25

64010.34

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