Silvermicro
Silver Micro Futures (MCX), View for 5-JulyThe degree and nature of separation in both bands indicates a strong uptrend. Also the price is trading in the positive zone with a RSI of above 50. The price tends to move higher and could test the level of R1-94,489 with a stop out level of S1-89,800.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
TWO BEARISH PATTERN IN SILVER MICRO IN BULLISH TRENDRisky Bearish pattern in Silver Micro
If BEARISH ABCD SELL ACTIVATED AT EXACTLY 70107 AT EXACTLY VERTICLE RED LINE, IT IS VALID SELL
CAN ADD MORE AT RED HORIZONTAL LINE MENTIONED ABOVE ABCD SELL AND SL MARKED IN BLACK
TARGETS MENTIONED IN BLUE LINE
*************************************************
If BEARISH CYPER activated at 69342 at anytime I will take entry with SL MARKED IN BLACK FOR TARGETS mentioned after BLUE HORIZONTAL LINE
Silver future current month Long (Swing/Positional)Buy Above :- 67860,(Above resistance Area)
SL:- 66300 (Bellow Major support)
Targets : T1:- 68380,
T2:- 69460,
T3:- 71225...
Note:-
1. Please book your Targets near the points not at exact levels.
2. Stop loss should & must be there. Once the price level cross the T1 and sustain, you may trail your SL on entry price i.e.67860 to secure your trade.
3. Avoid making Large positions on LEAVERAGES. It is a dual bladed sword; May enhance your profit but can dig you to the great losses too.
Be alert & Happy Trading.
Educational Purpose Only