Chart says everything. Silver has been taking supports over T1 and facing resistance against T2. Currently it is moving in an upward channel (T3 & T4) which may continue higher or crash till it gets another support over T1, depends upon the news and events. Long or short positions can be initiated as per the price action that will appear in upcoming days. Like &...
CRUDE levels ...24/05/2021 (1Hr candle)
Long now add more above 125 stoploss 93 target 160 Timeframe 1 year
As of 21st May 2021 Current Trend: Upward Start of Upward trend: 31/3/21 RSI: Around 72 MACD Crossover: Shortline over Longline (Blue over red) MAE: Stock trading above 26 Day moving average Current Resistance level: 1861-1863 Bollinger Band: Currently trading near (1.618) level of BB, which also serves as a current resistance level. The price has broken the...
take all trades with 0.5 percent of your account if you loose all you are going to loose 1.5 percent off your account ' but as you can see our rr(risk reward ) if you win here you will get minimum 5 percent of your account and maximum 28 percent of your account as per risk reward
MCX Copper has just traced out a pattern that can be interpreted as a A-B-C Zigzag from recent highs. All 5 subwaves of the final C wave seem to be in place. This now means the uptrend should be back in force to new highs. Hold longs with Stop at recent lows.
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1. We are little late to enter hence SL is a bit wide i.e. 253 2. Triangle pattern breakout has been done with some good volumes 3. 50% positions can be initiated now and rest 50% only upon any pull near around breakout levels
Crude has breached daily pivot and now heading lower. Opened gap up and now ready to fill the gap and go down. Keep a SL above today’s high.
AS gold above the trend line if continue traded above 1880-1890 level than we expect a move toward 1965 as we see 1878 is the resistance level it test multiple time and came down and now it around that level if traded above we expect good move RSI ABOVE 70 ALSO GIVE A STRONGE APPROACH TOWARDS MARKET
Here we have got the breakout on the weekly timeframe with thick green candle. Let's see how it moves.
GOLD has broken its long sustained downtrend on a daily chart. It has also crosses and sustained a strong support level of 1850. Good upside possible from here.
Intraday Support (1) For 20/05/2021 218.20 Intraday Support (2) For 20/05/2021 217 Intraday trading range For 20/05/2021 214-222
This analysis is based pure on data and not on any price action.this gives more accurate results as it is less prone to manipulation . technical traders gets into trap of candle patterns and moving averages, RSI etc.
SILVERMIC | Again falling into the channel (Risky trade) CMP : 73200 SL : 73800 Target : 72500,72200 1:2 risk reward setup