Dear ashwani,
You are Correct !!! For silver 200 MA is Around 57734 if we add 1000 More Points for Noise then only above 58734 would be Bullish. up to That Price One can initiate short on every rally.Since I am Trading only in Silver One has keep wider SL to avoid whipsaws. for short term 53500 may be support area.
You are Correct !!! For silver 200 MA is Around 57734 if we add 1000 More Points for Noise then only above 58734 would be Bullish. up to That Price One can initiate short on every rally.Since I am Trading only in Silver One has keep wider SL to avoid whipsaws. for short term 53500 may be support area.
i am giving you the important levels
historical trading range as per box system
53755 to 58348
to be strong eod closing should come above 58348
to be further week eod closing should come below 53755
in both cases price will shift to next box on either side
NOW THIS IS CONSIDERED PRICE ACTION OR HISTORICAL TRADING RANGE