MDstockmagic

MDstockmagic

SBICARD given triangle breakout in day timeframe and also need triangle breakout with weekly close. Immediate target expected 850-900 in short term in log term post breakout expected to move 1100+ Disclaimer : I am not SEBI registered.. study is only for educational purpose

MDstockmagic

Nifty currently consolidating in abc move of which wave C is in progress.. Downside support 25050--25000 Post wave C expecting bounce Disclaimer : I am not SEBI registered.. study is for educational purpose.

MDstockmagic

Today before "ADP Non-Farm Employment Change: news big players took the advantage of news and followed ICT PO3 pattern which is ACCUMULATION MANIPULATION DISTRIBUTION ICT power of three is the strategy which exposes the smart money traps for retail traders. ICT power of 3 concept is also known as AMD setup because of the three main concepts accumulation,...

MDstockmagic Updated 

Yesterday ISM Manufacturing PMI data given a dip near 2473 where it seems that xauusd completed its last leg of 5th wave of Y. Now breaking out from the channel and 2-4 trendline will give more strength for upmove.. Important level to watch 2496.. bulls need to sustain upside immediate resistance 2507-09 and 2532 downside support 2473-2470 Disclaimer : study...

MDstockmagic Updated 

Nifty moving in corrective wave w-x-y. of which wave y is in progress.. important fibonacci level to watch for wave Y on downside 1 : 25225 1.618% : 25165 Disclaimer : study is only for learning

MDstockmagic

HAL took the support near golden ratio 4599 and also given triangle breakout. Positive move expected towards 5020 and than 5500++ Disclaimer L study is only for learning purpose

MDstockmagic

XAUUSD in 5th wave on downside in a ending diagnol. Downside support 2488-2485 upside immediate resistance 2407 and 2415 Post 5th wave on downside expecting impulse wave to start on upside.. so now be cautious in getting trap at lower levels.. Disclaimer : study is only for educational purpose and no trading recommendation.

MDstockmagic

XAUUSD till now made high near 2532. In weekly time frame 3rd impulse wave is in progress.. 1.618% level is near 2541 stay cautious as doji candles forming near golden ratio.. Doji candle shows equal fight of bull and bear. downside immediate support near 2488

MDstockmagic Updated 

Xauusd made high near 2532 where impulse 5 wave completed.. and started corrective wave w-x-y (double correction done) and made low near 2470 near the channel bottom support. If it sustains inside the channel with bullish candle formation above 2480 than expect one more move up for wave X towards 2490-2495 now stay cautious in shorting near the channel...

MDstockmagic

Banknifty has completed 5 impulse wave up and now in corrective abc move of which wave a down done yesterday near 50333 and today wave b up is in progress of which minimum target has achieved. max target previous high 51025 (& 51200 if irregular ) Post wave b expecting down move towards 50300 for wave c Disclaimer : study is only for educational purpose and...

MDstockmagic

Banknifty completed 5 impulse wave up.. and now in abc corrective wave in progress.. channel support near 50650 and important Fibonacci support to look for 38% : 50659 50% : 50512 61.8% : 50188 abc corrective pattern should find support near above fib levels.. Post abc corrective pattern it will again rally .. Time to watch post 12pm

MDstockmagic

XAUUSD profit booking followed from channel top 2532 for wave 5 timely explanation of wave 5 top and profit booking expectation read previous post now expecting corrective wave ABC to follow... of which wave A down in progress... made low near 2500 currently respecting the orderblock near 2500.. breaking of the same will bring weakness towards 2485 Wave B up...

MDstockmagic

xauusd moving in channel with impulse wave. Currently it is in last 5th wave up and it is in equality with wave 3 where wave 3 moved from 2380-2479 now wave 5 moved from 2432 to 2532. Now needs to be cautious at higher level.. profit booking is expected. Currently getting resisted near the channel top. Formation of bearish candle needed for shorts Breaking of...

MDstockmagic

banknifty in last 5th wave of wave C.. stay little bit cautious at lower level.. down side support near 49365 and 49000 Breaking of 2-4 trendline will be 1st signal of weakening of downtrend

MDstockmagic Updated 

TCS currently in wave 3(5) move 3(4) correction completed near 3650---670 and agin 3(5) upmove started upside potential 4200++ Disclaimer : wave analysis for study purpose only and no buy-sell recommendations.

MDstockmagic Updated 

XAUUSD breakout from 0-B trendline and started impulse upmove It is in 3rd wave up and every dip is the buying opportunity till wave 5 which targets 2484++

MDstockmagic

ONGC moving upward in channel with impulse wave targeting 350++ Disclaimer : study is only for learning purpose and no recommendation for buy/sell

MDstockmagic Updated 

PFC bounce from support of golden fib 61.8% and now near trendline resistance 550 break out from this trendline will give more upside for 600++ in medium term