Silver is trading below a long term channel, as long as it is out on the down side any longs should be avoided.
Is something big to happen soon ? sell on rise (nifty) will add another short if nifty moves on 11350
As the RSI charts are (specially the 21 period one) is far less volatile or noisy than the price movement chart, it is easier to determine its trend using the trend lines. the attached silver RSI chart shows how trend lines can be drawn on RSI and a fair idea of price movement can be drawn.
invested in cipla at CMP 455 ,planning to add near 350
Trend analysis is a way of prediction however strategies are well proven and tested way of reacting to market. There are some people who predict the market with better accuracy and there are some people who are involved in re-acting the market. It takes practice, risk management and confidence to make a trade in your favor.
Dow opened gap down and has corrected up for the day. It now provides a good shorting opportunity once the down trend resumes as shown.
nifty has broken trneding support may retest 10645
Ready to fall more ...
Think about your self Which stage YOU ARE?
How to Trade an IPO? Or how new IPO moves.