This is the char of Silver Micro. As we can see the price has been falling out from almost a week and have entered in over sold zone the RSI shows a bullish divergence on 4 hour TF. Price can reverse from here and might reach to 68500 level.
Silver mic downward flag. Bearies continuation . 4hr time frame
Possibility : High to break down again.
Position to short : 60600 & below.
Target : SL*2.
Disclaimer: Study purpose only.
In Daily chart, Morning star pattern formed and yesterday's bullish candle confirming the reversal of trend. Buy SilverMIC Nov futures at CMP of 60681 to 60750 for a target of 62800 to 63000 in 8-10 trading sessions. Please maintain the stop loss at 59400