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SILVERMIC1! trade ideas

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.
MCX:SILVER1!Long
by jay-chopra
3
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
MCX:SILVER1!Long
by Averoy_Apoorv_Analysis
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.
MCX:SILVER1!
by maneeshaggarwal