MDstockmagic

MDstockmagic

JKCEMENT given breakout from falling wedge with volume with positive diversion in intraday and when price meets the volume.... it gets acceleration as engine gets fuel... chart presented for educational study of price & volume

MDstockmagic Updated 

BTCUSD given triangle breakout important support $39500 and if sustains abv $40300 it will move towards $41000--41900 views are educational

MDstockmagic

US crude oil looking strong and moving towards $135 in coming days.. making new higher high crude oil took the support from gann number $125 views just for educational

MDstockmagic

MCX copper withing the channel and brokem imp support 845-840 with strong bearish candle below this 820--800 possible on downside... view is valid till it is below 845 views are for educational

MDstockmagic

sunpharma volume came and price moved in faster space... when price (engine) gets the volume (fuel) it gives bigger movement... price moved up for wave "e" and made high near 862

MDstockmagic

Titan pin bar and double top intraday given a free fall from 2380 to 2325 During the intraday if one develops the habit of reading candlesticks and patterns than the dependency on indicator will reduce and more clear picture of movement can be seen without confusion loading of many indicators makes difficult to take action.. keep your chart clean and neat......

MDstockmagic

nifty future in intraday took multiple support near 15700 made multiple support and given triangle breakout with volume and very powerful move of 300 points in intraday came... as price is the engine and volume is the fuel more the volume ... more the fuel .... bigger the movement... chart posted just for educational purpose to see how best volume price breakout works...

MDstockmagic

Nifty made wave "e" low 15671 and given nearly 300 points bounce nifty made the move as expected... wave "e" is completed near 15671... and pull back in form of wave "f" started max upto channel resistance 16150 or fib ratio 50%--61.8% possible minimum required condition for bulls is to move in to the channel i.e. cross 16150 and sustain whereas bears...

MDstockmagic Updated 

MCX Natural gas trading in a rising wedge... and risingwedge always checks the traders patience... it has made pin bar at the top in 30 min chart.. breaking down of the wedge will bring weakness towards 388---380 levle

MDstockmagic

GC_$ future given a breakout from the triangle pattern and now moving towards $2050+++

MDstockmagic

Today gap down opening happened below the channel and broken down the psychological level 16000 too currently "e" wave down going on... now previous support of channel became resistance i.e. 16100--16150 For bulls to return they need to go back into the channel.... whereas bears will try to sell off every pull back... retesting of 16000--16150 possible in...

MDstockmagic

PVR mae pin bar candlestick pattern with volume and once the low of pin bar broken down... it has given free of 50 points.. never ignore the pin bars with volume

MDstockmagic

ongc made trendline breakout with volume from 175-176 levels and intraday made all time high near 189.80 In market "price" is the engine & "volume" is the fuel... more volume ..more fuel..bigger the movement..

MDstockmagic Updated 

Nifty is respecting the channel and current channel support comes around 16200-150 previous low 16203 whenever nifty doing a corrective move .. pull back is restricted to golden ratio 61.8 % after wave x... nifty doing correction in the form of waves abcde there is probability of two scenario: scenario 1: (shown with white color code) nifty completed the...

MDstockmagic

nifty future breaking of 16950--920 .. bears will activated

MDstockmagic

Banknifty future broken down the rising wedge and forming h&s pattern right shoulder formation going on.... 34600 will be important level if broken than doors will be again open for 34400--- 34200

MDstockmagic Updated 

nifty time cycle suggest that it is following abc wave pattern. currently wave "a" is on and about to complete than dead cat bounce in form of wave "b" and again wave "c" down.. so coming week expecting to be volatile with dead cat bounce and dips

MDstockmagic

copper in hourly time frame made a big h&s paatern (red color) and at right hand of big H&S pattern made another small h&s pattern (blue color) sustaining below 725 may tgt 715-710 bigger H&s (Blue h&s) has 50--100 points tgt if neck line broken (yet not broken) smaller h&S (red color_ has tgt of 25---12 if neck line broken