Sniper-Traders

SILVERBEES : Took a position for about 5% of the capital

Long
NSE:SILVERBEES   NIPPONAMC - NETFSILVER
I 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.






Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.