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SI1! trade ideas

Can $MCX:SILVERM2! Test 72000 Level before End of this Year ?Dear Followers I have identified a potentially lucrative opportunity in the MCX:SILVERM2! silver market. My analysis suggests that silver prices could experience a significant downturn in the coming weeks. This could offer an excellent short selling opportunity for those looking to capitalize on potential price declines. 📊 Key Factors: Recent Overbought Conditions: Silver has seen a notable surge in recent weeks, leading to overbought conditions. Historical patterns indicate that such spikes are often followed by corrective pullbacks. Technical Signals: technical analysis indicates the possibility of a trend reversal Near 77900-78100 Level , with key resistance levels showing signs of holding. Strategy: Sell MCX:SILVERM2! Near 78000 Level Stop Loss 79200, Target 75000, 73000, 72000 Time Frame 30-45 Days Investment required= 48000 Maximum Loss = 6000 Profit Upto = 30000 Best Regards, Ajay Metha
MCX:SILVERM2!Short
by PrachiMetha
2
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Head & Shoulder and Peanut Pattern 📌 Symbol/Asset: Silver (MCX) 🔍 Description: Silver given breakout of Head & Shoulder and after breakout its in a consolidation and forming Peanut pattern. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
MCX:SILVER1!Long
by FiveCircles
Silver Gap Fill Trader: R is 1: 2 Rest as per Charts Note - One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart says "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level that says "Buy if it breaks, " you should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta", "Bounce", "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never a gut feeling. It is always some reason.) that the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is primarily the "Day's High". In the case of Positional trades, it is primarily the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
MCX:SILVER1!Short
by Prem_Agrawal