Silver
London Silver has broke the channel formation at $35.10 and has beensuccesfully trading above the same. Prices are consecutively tradingfor more than 5 sessions confirming the positive breakout. The channel is of $7.80. Conservatively if the prices rise by 50% of the band, the target seems to be $38 and on 61.80% fibonnacci levels, target seems to be above $39.
We suggest to Buy Silver on dips to $36 for the target price of $38 / $39 with the stoploss of $34.40 (Closing basis)
(For Indian rates, kindly calculate as USDINR rates may vary).
positional call Sell silver 54600 with stoploss 55258 tg1 53500 tg2 52200 tg3 50900
ReplyDeletefirst trget achived 53500 plz modify sl at cost
ReplyDeletesecond trget achived 52200 plz modify sl first trget {enjoy profit}
ReplyDeletetotal profit 66000 enjoy............