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BSE Metals index

21 Aug 202001:03 PM

The BSE Metals index completed a five wave rise from the low of 24th of July. This could be wave 5 of the rally as well completing just near the top end of the rising channel. Do not rule out a pullback or correction in the Metals index now. The size is not clear but a move back to test the 40dema could be a minimum. 8470 is the first swing low and support.

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