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NIPPONAMC - NETFSILVERNIPPONAMC - NETFSILVERNIPPONAMC - NETFSILVER

NIPPONAMC - NETFSILVER

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SILVERBEES trade ideas

oppurtunity coming in dec/feb months for accumulating silverbeesNSE:SILVERBEES a double top is clear i believe a 80/78 levels should be coming and will be very good for accumulating Key Levels: ₹87-89: Resistance zone; price needs to break and sustain above this for further upside. ₹80-85: Primary accumulation zone, as it aligns with VPVR volume spikes and moving average support. ₹70-75: Secondary accumulation zone if the ₹80 support fails, offering a deeper discount and strong long-term support. RSI Insight: RSI at 50 indicates neutral momentum, which often precedes directional movement. Watch for RSI dips below 40 for oversold conditions and better accumulation points. Accumulation Strategy: Start buying small quantities in the ₹80-85 range. Gradually increase allocation if prices approach ₹70-75, ensuring you're averaging down at stronger supports. Avoid buying aggressively near resistance levels (₹87+). Risk Management: For long-term holding, monitor price action closely near ₹70.
NSE:SILVERBEES
by Tradegainer
Double Bottom Breakout on NETFSILVEROverview: The chart for NETFSILVER (Nippon India ETF) is showing a classic Double Bottom pattern, a bullish reversal signal that suggests a potential upward move. This pattern emerged after a period of consolidation near the ₹78.52 support zone, followed by two distinct troughs, marked as Bottom 1 and Bottom 2 on the chart. Key Technical Highlights: Double Bottom Pattern: The stock has formed two troughs, with the second bottom being slightly higher, indicating a diminishing selling pressure. The neckline (or resistance) has been breached at the ₹86.26 level, confirming the pattern's validity. Target Price Projection: Based on the height of the double bottom pattern, the projected upside target can be estimated by measuring the distance between the neckline and the bottoms. This gives a potential target of ₹93.10, which is approximately 7.9% higher from the breakout level. Key Levels to Watch: Support : ₹78.52 (strong support zone, where the stock bounced twice) Immediate Resistance : ₹90.20 (prior peak resistance) Target : ₹93.10 (measured move based on the pattern's height) Volume Analysis : The breakout occurred with a noticeable increase in trading volume, confirming the validity of the breakout. This suggests strong buying interest around the ₹82.15 to ₹86.26 levels. RSI Momentum: The RSI is currently hovering around 62.77, indicating bullish momentum without being overbought. There’s still room for further upside before the RSI hits the overbought zone. Conclusion: With the successful breakout above the neckline at ₹86.26, the stock is positioned for an upward move towards ₹90.20 and ultimately ₹93.10. The increased volume and positive RSI divergence support the potential continuation of this rally. Traders should keep an eye on the volume and momentum to ensure that the breakout sustains.
NSE:SILVERBEESLong
by AngshumanSaikia
SILVERBEES : Took a position for about 5% of the capitalI held a strong conviction regarding a potential move in Silver, as detailed in the attached post. To capitalize on this anticipated move, I initiated a position in Silverbees, committing approximately 5% of the capital. I am open to augmenting the position should the price decline to the lower trendline of the higher timeframe channel. I anticipate a move of approximately 7.5% and plan to contemplate profit booking at those levels, aligned with the top of the channel line as depicted in the chart.
NSE:SILVERBEESLong
by Sniper-Traders
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