SILVERBEES Daily Analysis: Reversal Signs Emerge After Sell-Off – Key Levels to Watch on Oct 16, 2025

📊 Daily Summary:

• Open: ₹177.80
• High: ₹180.00
• Low: ₹165.26
• Close: ₹168.56
• Current in 5-min chart: ₹170.50 (near close)

🔍 Detailed Analysis:

1. Price Action:

• Gap Down & Strong Selling: After opening at ₹177.80 and attempting a high of ₹180.00, the price experienced a sharp downward move, bottoming at ₹165.26.
• Late Recovery: The 5-min chart shows a strong bounce from the day's low with increasing volume — signaling short-covering or buying interest at lower levels.

2. Volume Analysis:

• The highest volume spike corresponds with the bottoming tail at ₹165.26, followed by green candles.
• This could indicate a reversal attempt or strong buying interest from that zone.

3. Candle Structure (Reversal Signs):

• On the 5-min chart, there’s a clear bullish engulfing near the bottom, suggesting buyer dominance after a heavy sell-off.
• Strong volume + reversal candle = possible short-term trend change.

4. Key Technical Levels for Tomorrow:

✅ Bullish Scenario (Upside Potential):

• If price holds above ₹168.50–170 tomorrow
• Likely to test ₹172 → ₹174.50
• If volume remains strong and ₹174.50 breaks, it may retest ₹177–180

❌ Bearish Scenario (Downside Risk):

If price fails to hold ₹168.50 or breaks ₹165.26:

• Further downside to ₹162–160 likely
• Market sentiment will turn weak, watch for broader cues (like silver prices globally)

📅 Tomorrow’s Strategy (October 16, 2025):

⚠️ Note:

SILVERBEES is based on silver prices, so tomorrow's move will heavily depend on global silver futures (COMEX) and USD/INR.    

By using this information, traders can make informed decisions about where to place their buy or sell orders based on the expected market movement.