MDstockmagic

MDstockmagic

ABFRL given inverse head and shoulder breakout with volume.

MDstockmagic

Nifty Bank moving up for wave (c) which has 5 impulse wave currently resisting near channel resistance 44650 Above that high volume resistance zone 44850-45000 if sustains 44200-250 than one more try to break channel resistance possible.

MDstockmagic

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

Banknifty future moving in down ward channel shown with yellow color in above chart high volume zone is 44000-43800 . Here partial booking of shorts and trailing with tight stop loss are advisable. Be careful in fresh shorting near high volume support zone.

MDstockmagic Updated 

banknifty futre in 15 min chart trading in downward channel currently banknifty future is near channel resistance confluence with fib ratio 38% at 45171.. POC level near 45280 still banknifty making LH-LL PATTERN so be cautious in buying at higher levels

MDstockmagic Updated 

In above 30 min chart of banknifty we have given elliott wave count. Banknifty made high near 44499 and when it made high that time macd and rsi both shown negative diversgence which given a hint of coming correction in banknifty. This correction is started in form of wave ABC which seems completed near channel support of 43345 where macd and rsi both...

MDstockmagic

Banknifty future currently in broader range that is 43300 and 44100 and narrow range being 43500-44000 MACD and RSi given positive diversion. POC is near 44000 which acting as magnetic level. Shorters should stay cautious... as lower levels getting rejected till now

MDstockmagic

BANKNIFTYFUTURE 30 min chart: pause near 200sma cum poc level.. patience is needed here. Today high oi at 43800pe and 43900 pe creating support whereas high oi at 44000ce is still the hurdle.

MDstockmagic Updated 

Banknifty key hurdle 44000--44100 as below 200sma :43970 poc: 44000 goden fib : 44036 prev. swing : 44083 support near 44350-400 being triple bottom in this zone curve trendline support near 43200 market is range bound .. play support resistance untill decisive break of 44100

MDstockmagic

#bankniftyfuture 15min chart : power of control (poc) is near 44370 and this level will act as magnet... bulls will try to pull upto this level. .. downside support near 43900-44000

MDstockmagic Updated 

#nifty hourly chart: all time high is near 18888 Astro hurdle near 18720 & 18800 (astro and psychological level). and downside support near 18440-500 5th wave done and consolidation is going on between range of 18440/500 ----- 18720/800 range bound expected.. play the range

MDstockmagic Updated 

#sunpharma astro level 1019.. coming back near supply zone of 1019-1030.. bulls need to be cautious here.. note : above info is for educational purpose

MDstockmagic Updated 

Tvsmotor profit booking as 3rd wave target near 1.61% nearly achieved. consolidation possible near 1320 -15 possible note : views are for educational purpose market is subject to risk

MDstockmagic Updated 

#banknifty 15 min chart : confluence of poc and triangle support near 44000-44100 given good trading opportunity to buy on dip. now upside gap near 44440 till it is above 44000 and poc (power of control)44100 .. it is in favor of bulls buy on dip mode note: above info is for educational purpose. market is subject to risk.

MDstockmagic

mindacorp weekly chart cup and handle pattern.. will breakout above 303-304 level. if breakout happens than will see 400+ level note : chart is for educational level.

MDstockmagic

#nifty50 hourly chart: NOW 18422-500 is the support zone being (astro &psychological level).. 38% retracement done. power of control is at 18540 ... "buy on dip" mode

MDstockmagic

#banknifty 15 min chart : power of control is above 44100.. trading above this level and breaking of channel will bring back bull power.. upside gap near 44400

MDstockmagic Updated 

#banknifty 15 min chart : trading in a channel and channel resistance near 44200 and poc at 44400 and downside support near 44850 and channel support near 44750 play support and resistance level