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.
