MDstockmagic

MDstockmagic Updated 

Jindal Saw moving in impulse wave .. 3rd wave in progress for 700++. Disclaimer : study is for educational purpose only. No buy/sell recommendation

MDstockmagic Updated 

Bajaj Finserv made triangle pattern. currently on daily chart it has given a breakout from triangle but also need breakout from triangle on weekly closing basis. Will keep the stock on radar for weekly closing. Weekly breakout from pattern on closing basis will take stock to previous high 1929 to 2100++

MDstockmagic Updated 

TCS made high 4565 in day timeframe and Possible made 5 impulse wave inside the 3rd wave. now expecting consolidation for 4th wave to fill the gap of 4340--4300 in short term Whereas breaking of trendline will give more weakness towards 4000 MACD giving negative diversion. Link given for previous post for detailed analysis where it achieved 3rd wave...

MDstockmagic

In previous post clearly analysed that banknifty is bullish and no weakness and today Banknifty made high 52954 near expected target of 3rd wave : achieved 1.618% level now profit booking might follow in form of 4th wave. Today FOMC rate cut news due.. so stay little cautious at higher levels. Disclaimer : study is educational purpose. I am not SEBI registered.

MDstockmagic Updated 

GBPUSD in last leg up.. with negative diversion on MACD Upside resistance 1.32300--1.32650 downside support 1.31600 & 1.31200 Breaking of Trendline will bring weakness . Disclaimer : Study is only for educational purpose

MDstockmagic

USDJPY ending diagonal pattern breakout with positve MACD cross over. Bias looks positive.. now shorters should be very careful. expecting it to bounce atleast 27% to 38% fibonacci levels in short term. Disclaimer : study is educational AND Not a trading advise.

MDstockmagic Updated 

JINDALSTEEL completed abc correction near 894 and breakout from the trendline.. look for upside targets levels 61.8% at 1020 and than 1100 MACD positive crossover. Disclaimer : this is only for learning purpose and no trading recommendations

MDstockmagic Updated 

GBPAUD taking support near fibonacci support 0.50% and 0.618% Wave C achieved its target and made low near 1.94921 MACD giving positive crossover. Expecting it to move towards channel top 1.96000+ in short term Disclaimer : study is only for educational purpose.

MDstockmagic

Banknifty moving up in upward channel.. Banking,finance, IT and metal sector still not participated in rally.. So still some steam is there for upmove. Important level is 51030 acting as support upside channel resistance near 52000 some profit booking near the channel resistance possible. I will look for buying opportunity near key levels and channel...

MDstockmagic Updated 

XAUUSD in ABC corrective wave where wave B retaced 100% of wave A.. and took lot of time to complete. now expecting wave C to take lesser time to complete. Wave C down in progress where minimum target of 2502 low made.. important support zone to watch is 2504-2500. if broken than more down side possible 2490-85 Will be looking for buying opportunity if bullish...

MDstockmagic

BTCUSD made All Time High 73805 on 14th March 2024 post that made low till now is 49112 on 5th Aug 2024 corrected nearly for 5 months. Elliott Wave Analysis : BTCUSD in Triple correction namely w-x-y-x-z of which last leg is in progress... till now low made 49112. Expecting wave z to form Triangle Pattern. Indicator : MACD given Positive Diversion and...

MDstockmagic

Gujarat Fluorochem given breakout after two and half month tight range consolidation for wave 2. and impulse wave 3 started likely to target 4800++ every dip is the buying opportunity. MACD is positive. Disclaimer : I am not SEBI registered. Study is only for educational purpose.

MDstockmagic

Tata motors in impulse 5th wave up .. high made 1179 (min target of 5th wave done) It seems its making ending diagonal pattern in form of 3-3-3-3-3... waves and if it is doing diagonal pattern than chances are there for 3rd wave of 5th up in 3 waves and one more new high possible. important support is 4th wave low 855 breaking of which will end the impulse...

MDstockmagic

Nifty is in 4th wave.. low made 24750. one leg on upside is still pending for 5th wave. Any dip is still buying opportunity. important level on downside and support is near 24770 and upside immediate resistance to watch 25285 expecting to move sideways between above to level for consolidation. Disclaimer : study is for educational purpose.. i am not SEBI registered.

MDstockmagic

XAUUSD in rising wedge pattern with A-B-C corrective pattern of which wave B resisted near golden ratio 0.618 and showing weakness.. breaking down from the wedge will bring more weakness towards 2500-2495 Disclaimer : study is only for educational purpose

MDstockmagic

Laurus Lab done abc correction and break out of trendline giving Positive momentum with good volume. Currently trading in upside moving channel.. looking good potential for upside for 600-700 targets in short term. Disclaimer : study is for educational purpose. I am not SEBI registered.

MDstockmagic Updated 

Banknifty after breakdown from wedge pattern given vertical fall towards 50550 Important fib level to watch 61.8% : 50465 Improtant gap area low 49655. Shorters should be cautious near above two levels as vertical falls mostly retraces fast on upside.. I am personally will not short near important levels and will wait for bullish pattern to form near support...

MDstockmagic Updated 

Today on Friday key news : Non-Farm Employment Change and Unemployment Rate XAUUSD made seek and destroy ICT pattern. This pattern is known for stop loss hunting pattern as per ICT As per Elliott wave in smaller timeframe.. it has made 1-2-3-4-5 impulse wave from 2471 to 2529 and now doing zig zag A-B-C corrective moves. Disclaimer : study in only for...