TIME : 11.35
Goldennifty says: ``MCX Silver is forming descending triangle pattern (R-S) since past ten months. Price is unable to breach Rs 49,500 (S) on closing basis and formed hammer candlestick pattern last week. The 14-period RSI is close to the 50 mark. As long as price is unable to close below the horizontal support of Rs 49,500, buying on dips would be advisable strategy for short term``.
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