MDstockmagic

MDstockmagic Updated 

XAUUSD head and shoulder pattern breakdown. sell on rise.... pattern targets 2845--40

MDstockmagic

xauusd in corrective wave ABC of which wave A ended at 2536 wave B ended near 2726 and wave C down in progress expected to move in form og zigzag waves 1-2-3-4-5 till now low made near 2583 moving inside the channel where middle line acting as support. XAUUSD sell on rise mode. Disclaimer : views presented here are for educational purpose and not a trading advice

MDstockmagic Updated 

Coforge Ltd made cup and handle pattern breakout happening in weekly timeframe. Trading in sharp upward channel Breakout will take stock to 10000+ in long term timeframe MACD is bullish. Disclaimer : I am not SEBI registered. Its my personal view and analysis.

MDstockmagic Updated 

Tatachem was in double correction for more than 6 months done w-x-y corrective move Now need to break above 1113 level (resistance trendline) for resuming uptrend.. more upside if breaks 1162 MACD +ve crossover Disclaimer : I AM NOT SEBI REGISTERED. Post is only educational purpose of elliott wave analysis.

MDstockmagic Updated 

ACC expecting wave E up for triangle formation moving inside the channel and if breaks and gives a strong closing above middle line of the channel than expecting to move p. it has support zone 2220-2150 and today it bounced from the support zone and done wave D and now expecting it to move for wave E formation towards 2340--2375 in short term. Disclaimer : I am...

MDstockmagic Updated 

Power of 3: Accumulation, Manipulation, and Distribution (PO3) : 1. Accumulation: Definition: Accumulation is the phase where institutional traders (also called "smart money") build up their positions (either buying or selling) without causing significant price movement. They do this quietly to avoid attracting attention from retail traders. Purpose: During...

MDstockmagic

USDCAD moving up in last 5th move up.. So buyers should be cautious now... upside resistance : 1.38600 -1.39400 breaking of the channel will bring weakness towards 1.37500+ in form of corrective waves a-b-c.

MDstockmagic Updated 

ATUL made high near 8180.. Took the liquidity in 5 impulse wave 1-2-3-4-5 now doing abc correction expecting it to move below 7800 Disclaimer : I am not SEBI registered

MDstockmagic

NIFTY moving up for wave B POC at 25000... acting as support now.. upside immediate resistance is near 25450... and above that golden fib level 25685 MACD in 4hrs giving positive crossover Disclaimer : I am Not SEBI Registered

MDstockmagic

Banknifty bounced from important swing support near 50200 after a big fall from high of 54467 . Thereby given nearly a fall of 4000+ points Now POC at 51350 will act as support. on upside immediate resistance is 52370 and than golden fib level 52846 which also has gap area to fill Expecting banknifty to move towards 52300 and than gap area. Disclaimer : I am...

MDstockmagic Updated 

Nifty made all time high near 26277 and from there corrective wave (a) is in progress.. yesterday close at 24819 near golden fib ratio 0.618 Upside resistance 25225.. above this level only bulls will have stregnth. Bulls need to defend POC (power of control) at 24290 & 24090 .. act as support levels MACD still negative indicating sell on rise...

MDstockmagic Updated 

GBPUSD rising wedge breakdown in day timeframe MACD negative diversion

MDstockmagic

ONGC in corrective wave ABC.. of which wave C(5) in progress.. ONGC has cluster of fibonacci ratio support near 281. and below that next support is 270 Till now low made 282.50 Upside immediate resistance is 302-305 Currently trading sideways.. Buying opportunity : conservative view : Breaking of 0-2 trendline Aggressive view : when ONGC makes low near...

MDstockmagic

Exideind trendline breakout from falling wedge positive crossover in MACD Above 500 upside potential is 530+ in medium term Disclaimer : I am not SEBI registered.

MDstockmagic

Nifty impuse wave 5(3) is in progress.. moving in upward channel. currently trading near top of purple channel acting as minor resistance 26000-26100 there is no weakness in index.. every pull back is buying opportunity.. immediate target is 26300 for wave 5(3) whereas downside immediate support near 25900-800 Disclaimer : I am not SEBI registered. post is only...

MDstockmagic Updated 

NTPC moving with imulsive 5 wave up of which wave 3 done near 226 and post that stock went into the consolidation zone for one month for wave 4. now moving up for wave 5. all-time high of stock is near 242

MDstockmagic Updated 

HINDUNILVER in daytimeframe looking positive for 2400

MDstockmagic Updated 

Moving in impulse wave up... of which wave 1 and 2 completed and wave 3 has started.. downside support 6250--6100 upside potentials 6500--6800 (1.618 fib level 6812)