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Silver seems to have completed its "Y" wave with the recent sharp move to the $26 / INR 66000 area. This also hit the top of the corrective channel and seems to have a full wave structure. Silver now seems headed to a new low, stop losses will be recent highs made last week $26.05 .

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Reliance may have completed an a-b-c correction or W of W-X-Y, we can now look for a upmove, if it is in 5 waves, the trend may be resuming upwards, else we are possibly headed down once more after that to the 50% correction range before a the larger trend resumes.

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MCX Crudeoil has been moving sideways but creating higher lows - this is an ascending triangle pattern that should now give a 1:2 Risk Reward ration - not the best R:R , but a good pattern to trade Look for price to rally upclose to 3000 if it stays above 2900

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Silver (INR) completed its wave X at the INR 58450 low and seems to be making its way up within the corrective channel to complete Wave Y. It is most likely headed to INR 66000 area ($26 XAGUSD). A subsequent correction to new lows is due before a long term upmove. Risk level for stops also mentioned on the chart

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Silver has hit the indicated target range rather soon. There should be some cooloff and reversal to the midpoint of the channel now

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DRREDDY's triangle setup shown earlier triggered its stop levels and now has shaped up to be a rectangle that has broken on the downside. Expect a downmove towards 4770 which is the normal target out of a rectangle. support and caution can be expected at 4845 which is the gap support

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The downside break in prices is a possible opening for the re-entry on the downside. Watch for the risk level to hold. If prices do not re-enter back into the channel in the coming few hours, the downmove should sustain

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Bitcoin is coiling in a 1-2, 1-2 preparing for an explosive wave 3 of 3. If the uptrend breaks we are looking at a rally like no other.

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Cipla is ready to breakout of a cup and handle pattern. With most pharma being in a rally there is a good chance to ride this. look for a target to the 925 area

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RelianceInds bounce yesterday was more of a wave c of 2, this means the previous view remains intact. A Risk level is now defined around the 2307 area and target being 2100 area.

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The upward to sideways moves over the last few weeks seem to have ended with wave Y. If prices trade below 3005, below the diagonal triangle we should be set for a large downmove. This could be a move larger than the one that started in Sep and lead to 2600 levels. Will track as it progresses Crudeoil in USD has the same pattern and should be headed the same way

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Silver rallied up in three waves - and has now completed and a-b-c structure. The fall in the last 30 mins could accelerate and take the issue to new lows. Watch the indicated risk level for exits if caught on the wrong side.

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State Bank of India at ₹100 ? This is a very real possibility if the elliottwave pattern on the long term SBI charts indicated above are right. As can be seen, the 2015 - mid 2019 overlapping but upward titled move can be charted to indicate a long term ending diagonal. The subsequent downmove is clearly impulsive and has now just completed the 4th wave upward...

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Reliance Inds' move post the top is taking the shape of a zigzag with Wave A and B complete. We should now see Wave C head down in 5 waves to the center of the large triangle it formed in Aug. 2100 is a area it can find support. That should then turnout to be a great bullish setup, we'll discuss that later as we see price action around that leve.

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The first downmove that we see has clearly traced a 5 wave sequence and a 3 wave correction. this means we are headed down. Looks for new lows with 25.57 as the risk stop

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Silver headed higher this morning into the indicated resistance at 25.57 and reversed right there , the down move has all the indications of a 5 wave structure and so may turnout to be a trend reversal. Updated charts will be posted soon. Direction seems to be down to new lows if 25.57 remains intact

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DRREDDY should complete its Wave 4 triangle in the next few hours and head a few hunder point up to 5600 area. Watch the risk level for managing risk if entering. A good Risk Reward trade.

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Silver progressed very well as expected in Wave c of Wave Y. It should face resistance at around 25.57 where Wave Y = Wave W. This is also where the parallel trend channel tops. We should watch price reaction at this area to understand if the trend will change downward ( most likely will, but lets listen to the price) . 25.57 is a good area for the W-X-Y...