Silver long (09 Aug) RSI- 59 Buy at CMP- 58900 or at 58770 SL- 58500 Target- 59388, 59785 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Just placed my idea in Position drawing. Red Zone: Resistance or Breakout Zone Grey Zone: Repeated Hurdles (Support/Resistance) Green Zone: Support or Breakdown Zone Note: BUY above Red Zone BUY at Green Zone. SELL at Red Zone or Trail at Grey Zone Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage. Also you can ask for my views on any chart.
Strong Support area 57900 - 58100 Ready ready for 61500 area Risk to Reward : Excellent
Its a running short trade. Just sell it with a SAR (Stop and Reverse) in the buying line. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks",...
Silver Short (01 Aug) RSI- 43 RSI divergence Sell at CMP- 58340 SL- 58570 Target- 58060, 57712 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Silver Short (01 Aug) RSI- 62 RSI divergence Sell at CMP- 57995 or around 58150 SL- 58450 Target- 57400, 57100 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
After a short consolidation break out is observed,Based on the trend and correction projected the price using Fib extention tool
If sustains 58000 Will stop definitely at 61500 next Av Buy rate near 58200 - 58300 Sl 58000 Tgt 60000/61500 Risk to Reward - Excellent
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...
Silver Long (26 July) RSI- 41 Buy at CMP- 54520 SL- 54350 Target- 54710, 55010 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Silver has formed bearish flag in DTF and WTF. Safe traders can short below 60000 for swing position. Minimum target 58500
Silver 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 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.
MCX: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
58000 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 is still in demand zone. Weekly closing below 56k will give more down moves. Happy Weekend
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...
All 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