MDstockmagic

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

MDstockmagic

after lot of struggle nifty crossed hurdle of 18422(astro level) & 18500 (psychological level).. now this will act as support.. and upside hurdle of trendline confluence 18720 play support resistance...

MDstockmagic

#reliance immediate hurdle 2495 -2500 (astro level).. above that 2585 if sustains above this level than more upsides..

MDstockmagic Updated 

#bankniftyfuture hourly chart: abc correction on .. of which wave c on.. 1st sign of weakness is given... broken down the rising channel.. hurdle 44000 "sell on rise " mode

MDstockmagic

nifty hourly chart.. broken down the channel ..1st sign of weakness... abc correction on... of which wave c down on.. immediate hurdle near 18422 (astro level) and psychological level 18500 would be resistance zone corrective waves are time consuming.. downside support near 18155 and astro level 18065

MDstockmagic Updated 

#nifty hourly chart.. broken down the channel ..1st sign of weakness... abc correction on... of which wave b up on.. immediate hurdle near 18422 (astro level) and psychological level 18500 would be resistance zone corrective waves are time consuming.. now one should be cautious at higher level as after wave b up... sharp wave c down may start... one should wait...

MDstockmagic Updated 

it has completed 5 impulse wave up and now abc correction is on .. of which wave a & b completed and wave c started.. immediate resistance 3930--3950

MDstockmagic

hdfcbank yesterday hit 2nd target and bounced... still no buy till it breakout from falling red band

MDstockmagic

#nifty hourly chart.. broken down the channel ..1st sign of weakness... it seems abc correction on... of which wave "a" down seen yesterday... now wave b wave on.. and it should be time consuming wave

MDstockmagic Updated 

HDFCBANK broken down the triangle immediate hurdel 1670-75 downside support near 1640 and than 1620

MDstockmagic

nifty in last up move and immediate hurdle 18360-410 and this is immediate gann level too. Till the chart shows weakness DON'T try to catch the top for short.. Rising channel support near 18150--200

MDstockmagic

bankniftyfuture yesterday bull bear had strong fight near 43300 as the POC (power of control) & golden fib ratio both coincide at same level and at the close bulls overpowered and slightly succeeded to close just above poc & golden fib ratio.. bullish flag pattern formation going on... ankniftyfuture strong support of poc (power of control) and golden fib...

MDstockmagic

NIFTY SPOT HAS MADE A LOW NEAR 16828 ON 20TH MARCH 2023.. will give wave count from this low as follow WAVE 1 : 16828 TO 17207 (379 POINTS) WAVE 2: 17207 TO 16914 (293 POINTS i.e. nearly 77% corrected) WAVE 3 IS ON : 16914 TO 17545 (HIGH TILL NOW) (631 points till now) 1.61 fib level comes near 17527 now negative diversion is visible on MACD indicator.. price...

MDstockmagic Updated 

NIFTY SPOT HAS MADE A LOW NEAR 16828 ON 20TH MARCH 2023.. will give wave count from this low as follow WAVE 1 : 16828 TO 17207 (379 POINTS) WAVE 2: 17207 TO 16914 (293 POINTS i.e. nearly 77% corrected) NOW WAVE 3 IS ON : 16914 TO 17290 (HIGH TILL NOW) (376 points till now) 1.61 fib level comes near 17527 now wave 3 is on so it will sub divided into mini 5...

MDstockmagic

#vipind forming "w" pattern.. if breaks and sustain above 615 than can move towards 640--670

MDstockmagic

cochin shipyard high volume candle HL : 354.9 & 326 Golden ratio level near 294 it will get boost above 355... wave analysis given on chart... waiting for 3rd impluse wave to start.. views are educational