MDstockmagic

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

MDstockmagic

indiamart completed wave 1 from 1103 to 9950 and right now wave 2 (c) last wave on and pause near golden fib ratio 61.8% one should keep this on radar breakout of triangle pattern will give confirmation of completion of wave 2(c) and start of wolf wave 3

MDstockmagic Updated 

bitcoin broken down the bearish flag pattern.. moving towards $30200--30000 more weakness below $32950 "sell on rise mode" views are educational

MDstockmagic

nifty immediate support comes around 16800 right now h&s pattern formation going on of which neckline comes around 16800--775 breaking of the same will bring more weakness... Temporary bounce or pause possible around 16800 index sell on rise mode views are educational

MDstockmagic

Ambuja cem completed 5 wave up and started abc corrective wave.. Wedge broken down and will move towards 350 and below in waves of abc ambuja cem "sell on rise" mode now views are educational

MDstockmagic Updated 

#nifty future resisted near channel top of 17400 and making head and shoulder pattern... moving towards middle line of channel and neck line of channel near 16925-- 16800 now immediate channel resistance is 16225---16280 mkt "sell on rise " mode

MDstockmagic

borosil given a breakout and made all time high 796 with good volume may move towards 850++ targets in short term views are educational

MDstockmagic

nifty future 38% fib is 17355 level channel top near 17400-430 bulls stay little cautious at channel top views are educational

MDstockmagic Updated 

Gujarat Alkalies seen good volume activity and breakout with volume from cup and handle pattern after 4 years sustaining above 800 level will move towards 1200---1400 levels in short term views are educational

MDstockmagic

nifty moving down in sharp downward channel.. today done 50% fib near 16900 next fib 61.8% comes near 16600 Till its in falling channel.. bears power will continue... sell on rise till its below 17190... FII is selling heavily.. and till they turn into buyers... no hopes for sustained upmove last rise of 18115 also came as FII did turn into buy just 2-3 days...

MDstockmagic Updated 

chambalfert we analysed for long side above 420 and today made high 509 now upside immediate channel resistance is 530--550 .. part booking advisable and stay little cautious views are educational

MDstockmagic Updated 

nifty doing wave abc correction of which wave "a" and "b" completed and wave "c" correction is on... range contraction as previous resistance acting as support 17650---17442/342 bulls will be in power only above 17650 till than bias is bearish.. views are educational...