CMP 17.16.
Based on my monthly chart, If silver restricted by 37.50, I expect Silver to make a down move towards 11.30.
Based on Weekely chart, If silver restricted by 25.05/26.11, I expect 15.41, 13.79-13.18 on the down side.
Based on my Daily Chart, If Silver restricted by 22.15, I expect more down side and expect 16.22, 14.75.
Now, If Silver restricted by 21.57/25.05/26.11/37.50, I expect minimum down side target 16.43.
As long as 21.57 holds resistance, sell on rise is the strategy for targets
16.43, 16.22, 15.41, 14.75, 13.79, 13.18, 11.30.
Strict SL 21.7/22.
ALTERNATE VIEW
What can happen if 16.64 supports and if this move is wave 2 correction?
If wave 2 correction is not over then, we can see 17.78 again and further targets, 18.21, 18.48-18.53, 19.1, 19.62-19.69. Buyers Stop loss can be 16.5.
If you get these upper levels, sell can be initiated with strict SL 21.7/22.
Sellers SL: 21.7/22.00. TGTs: 16.43, 16.22, 15.75, 15.41, 13.79, 13.18, 11.30.
Buyers SL: 16.5/16.40. TGTs: 17.78, 18.21, 18.48-18.53, 19.1, 19.62-19.69.
Trading against the trend is always risky. SELL ON RISE is my STRATEGY.
But I am still bearish and expecting down move below 16.64.
NOTE: ANY MOVE BELOW 16.64, I AM HIGHLY BEARISH AND WE CAN SEE MY DOWN SIDE TARGETS.
GOOD LUCK!!!
Based on my monthly chart, If silver restricted by 37.50, I expect Silver to make a down move towards 11.30.
Based on Weekely chart, If silver restricted by 25.05/26.11, I expect 15.41, 13.79-13.18 on the down side.
Based on my Daily Chart, If Silver restricted by 22.15, I expect more down side and expect 16.22, 14.75.
Now, If Silver restricted by 21.57/25.05/26.11/37.50, I expect minimum down side target 16.43.
As long as 21.57 holds resistance, sell on rise is the strategy for targets
16.43, 16.22, 15.41, 14.75, 13.79, 13.18, 11.30.
Strict SL 21.7/22.
ALTERNATE VIEW
What can happen if 16.64 supports and if this move is wave 2 correction?
If wave 2 correction is not over then, we can see 17.78 again and further targets, 18.21, 18.48-18.53, 19.1, 19.62-19.69. Buyers Stop loss can be 16.5.
If you get these upper levels, sell can be initiated with strict SL 21.7/22.
Sellers SL: 21.7/22.00. TGTs: 16.43, 16.22, 15.75, 15.41, 13.79, 13.18, 11.30.
Buyers SL: 16.5/16.40. TGTs: 17.78, 18.21, 18.48-18.53, 19.1, 19.62-19.69.
Trading against the trend is always risky. SELL ON RISE is my STRATEGY.
But I am still bearish and expecting down move below 16.64.
NOTE: ANY MOVE BELOW 16.64, I AM HIGHLY BEARISH AND WE CAN SEE MY DOWN SIDE TARGETS.
GOOD LUCK!!!
PRESENT CHART - 12-MAR-2015
