Silver technical chart

Hi friends,
                  Looking at short term chart of silver its interesting.
 We had a leading diagonal 1 complex 2 followed by simple correction in 4th to finish a
impulse .Then we has a complex time consuming abc .
The abc correction retraced almost 85% of total rise at 18.88$.
I expect a rally towards 21.55$ minimum ir the trend line resistance,After which a small
retracement can happen,Overall i think a rally towards 25$ has started with in between small hiccups.The following chart shows my Elliott count.

This count stands wrong if silver drops below 18.88 $.Lets see how silver moves in coming days.

Regards
Rish

Nifty chart 11th december

Hi friends,
                   Nifty hovered in that range only today if 6300 is breached white impulse would
fail,Rest remains same ,Characteristic of this rally has been sudden gaps ups after few days of
sleep.

So till 6300 is saved the extended impulsive move would still be an active alternative count.Overall
stocks are retracing from their resistances.

Regards
Rish

Nifty chart 10th december

Hi friends,
                   4 states election results have come ,now nifty can move its technical move any distortion
happened by news flow should subside in few days max.The following chart is self explanatory..

The impulsive 12,12 suggests big bull case for that we need to hold the gap which
was created yesterday.

Regards
Rish

Sbi stock analysis

Hi friends,
                  Looking at the fall structure of Sbi from 2010 dec highs
Stock did a wxy till dec 2011,Then did a abc up for the full next year till dec 2012.
And has done a abc or 123 till 2013 September lows subject to 1970 holds(incase of 123)

Looking at a rally towards 1970-2000 minimum and then see further structure.Long traders should
look to book profit there.
The upward structure from september lows looks like a abcde up need to be watch full near 1970-2000,Till then all dips are buys in this stock.

Regards
Rish