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SILVER

Accumulate Silver with stop of 39600 for target of 50000 plus......Risk Reward 1:5


Analysis:

We have a bullish view on Silver in National & Overseas market as it has given a weekly breakout & given close of 19.65, prior to earlier week it has made weekly Bullish Harami candle suggesting a trend reversal. Prices closed above last two months close, (i.e. 19.17- 18.65- 19.65) , (39671 - 42002)
In upcoming weeks we are expecting price will rise up to 20.65 and will catch a momentum above that.


Accumulate Silver with stop of 39600 for target of 50000 plus.


Risk Reward: 1:5

ADX: ADX indicators has given buy signal on daily basis & showing strong bullish trend.

RSI: On weekly basis RSI Indicators reversed from oversold level & showing higher bottom & higher tops pattern.


SILVER (WEEKLY CHART)



























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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