Intraday Silver Short (23 Nov) RSI- 47 Sell at CMP- 61450 SL- 61690 Target- 60850 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
silver is sell on rise as there is no change in the fundamentals yet so break above the given resistance line is not seen in near future so we continue to drop in the downward channel also it depends on the behaviour of dollar index and cpi data of usa so upcoming Data can be used as a trigger for change in the fundamentals and can help silver to get above the...
Silver Long (03 Jan) RSI- 61 Buy at CMP- 6290 SL- 62290 Target- 62935, 63225, 63460 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
One can see in the charts that all levels on daily and weekly timeframes are tested. The white trend line keeps on adjusting as we go while blue is intact, signs of distribution. once it comes to confluence zone(intersection of 2 trend lines) , perfect short opportunity. It is a positional trade so we have to be patient. Targets Passive- 56000 Aggressive - 51500
SILVERMIC | Again at Channel support lets try 900 points CMP : 71750 SL : 71300 SL : 72600 1:2+ risk reward setup
Silver is going to take a short reversal for a while. And then BOOM...!!! Hurdle: 47000 A gesture is enough for a smart investor.
risk reward as far as i think its good in long trade , then to go short , i can be wrong but its fine , as the sl is small , while in short trade i might get stuck ! and reward nthere is clearly undefined !