Silver Short (01 Aug)Silver Short (01 Aug)
RSI- 43
RSI divergence
Sell at CMP- 58340
SL- 58570
Target- 58060, 57712
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SI1! trade ideas
Silver Short (01 Aug)Silver Short (01 Aug)
RSI- 62
RSI divergence
Sell at CMP- 57995 or around 58150
SL- 58450
Target- 57400, 57100
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Fib Extention levels in Silver micro future After a short consolidation break out is observed,Based on the trend and correction projected the price using Fib extention tool
SILVERMIC - Bulls in actionIf sustains 58000
Will stop definitely at 61500 next
Av Buy rate near 58200 - 58300
Sl 58000
Tgt 60000/61500
Risk to Reward - Excellent
IS IT SMART TO ADD SILVER IN THE PORTFOLIO AT CURRENT LEVELS ?MCX:SILVER1! NO FAVOURABLE CHART PATTERNS, NO TECHNICAL SIGNS OF REVERSAL.
Can a contra bet of long positions be initiated at current levels ?
Well, the retail investors looking for diversification of their portfolio's, have a great opportunity to add silver futures. The risk reward ratio is favourable at current rates plus there is a high chance of bounce back and short covering at the expiry.
But again,
One cannot predict the downfall from the current levels as there are no indications in the chart patterns. Just a blind trade.
The idea shared is for educational purpose only.
Silver Long (26 July)Silver Long (26 July)
RSI- 41
Buy at CMP- 54520
SL- 54350
Target- 54710, 55010
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Commodity | Silver - Short OpportunitySilver has formed bearish flag in DTF and WTF.
Safe traders can short below 60000 for swing position.
Minimum target 58500
Silver Mini MCX 15 Mins Chart AnalysisSilver Mini MCX On 15 Mins Time Fame Chart is Consolidating between Range 57800- 56500, Breakout is Awaited Either side of the Range, Till Then one Can Sell around Higher side or Range and Buy on The lower side of the Range. As the Major Trend is down Currently, If Silver Mini MCX Contact closes below 56500 We have see Further sell off
Silver Setting UP For UP-turnSilver With Declining Weekly Volumes / Bullish COT Reports / Sweet Channel and Horizontal Support ALL nicely lining up now. It is ready for TURNING UP ON WEEKLY charts.
But as Always COT Reports and Weekly Charts Takes Time to Turn. I am taking that as 2-4 Weeks Time. Keep an Eye on Daily/240 Mins Momentum Turning UP.
SILVER RSI Bullish Divergence and Bullish EngulfMCX:SILVER1!
Silver
Long Term : Bullish
Price Action: Bullish Engulf
RSI: RSI BULLISH DIVERGENCE DAILY
CMP : 57154
Swing Stop loss : 56750
Long Term SL = 56300
Swing Target : 58190
Long Term Target : 58960 - 60500
Silvermic - More sellin to follow58000 acted as a strong support before
High chances are it will act as a strong resistance this time
So sell near area 58000
Sl near area 58150
Target around 56000
Silver Weekly AnalysisSilver is still in demand zone. Weekly closing below 56k will give more down moves.
Happy Weekend
Silver Price action and RSI study Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area )
Learning Pointers
>> Pattern here is Descending triangle
>> Time frame here is Weekly
>> Candle position -> Mother bar : Inside bars on multiple weeks
>> Rsi telling about Divergence of price and relative strength ( Rsi making higher lows, meaning it is bullish )
>> Price making same lows
>> Price taking rest at 150dema, can combine itself with 200dema too in near future on W charts
SILVERAll detail for chat. good entry at mark price only. and must stoploss is 69250 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
Silver Support and resistance levels.Buy at support and sell at resistance..
P.S: View for educational purposes only.
Silver Short (20 June)Silver Short (20 June)
RSI- 40
Sell at CMP- 60790
SL- 61100
Target- 60420
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Silver coming weeksAfter breakdown from top in the month of February 22, is it ready for upside or more pain is existing in the back. Hopefully this will rise as stock market is tumbling down. Gold is also gaining strength.
SilverLooks silver showing good opportunity for long.
Marked important levels, please understand the price levels and take your own action.
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Disclaimer: None of the trading calls given by meshould be construed as an offer to buy or sell any financial instruments, nor advice to do so. All information shared by me is for learning purposes only and has no financial liability whatsoever to any user on account of the use of information provided above.
MCX silver bullish flag but without volumesMCX silver forming a bullish flag. Buy between 57500-59500 for 63000 to 66000. Stop loss below 55400 on closing basis. Volumes are not supporting on either side that is case looking in MCX Silver and MCX gold
Silver MCX at supportSilver is taking support at a trend line, also if we see 15 min chart we could see strong divergences
Silver : A Very Bullish viewSilver is trading between a range 5800 - 75000. Now it is heading upward to 75000. This time it will try to break this resistance and move higher to new uncharted territory to be in 6 figures.
so flow with the trend closing below 60000 will turn the trend neutral to bearish and below 58000 a very negative view for all long positions.
This is for information only. Check your risk profile with your financial advisor before taking any trade position.
