Resistance line is retested as support as demand has increased. From couple of months it’s been moving in that channel now it’s time for a long. Entry: above 1600 Target: 2000 SL: 1450 (It’s not an investment advice, do at your own risk) Key points: When a resistance is converted as support it means there are more bulls than bears amd demand for that has been....
educational learning post
simple support and resistance trade setup
1. spotted head and shoulder 2. draw your neckline 3. enter on breakout of the neckline 4. incase you missed, re enter on the retest of the neckline 5. draw your target 6. book profits near the target
SELL SILVER MCX cmp:- 47337 stoploss:-48800 target :- 43650 IN DAILY TIME FRAME RSI BUILD STRONG NEGATIVE DIVERGENCE SO I WILL TAKE TRADE FOR SHORT II AM NOT SEBI REGISTERED ANALYST SO TAKE TRADE ACCORDINGLY YOUR FINANCIAL EXPERTS.
Indicators always power full using TA/PA skills..use them and grab good profits
watch the trade
Will wait for a week or more for the right time to short.
Traders could short mcx with above mentioned targets. If gap down, dont short immediately.