TradeMagic005

TradeMagic005

The dollar index has been trading downin the big corrective pattern of zig zag on higher degree.Now it is in Wave C of zigzag.The wave 5 of the wave C is going on right now last wave segment and its target 105.18 - 104.46 level .That will be the end of all zig zag correction after that longterm impulsive trend to upside will resume.

TradeMagic005

The Silver Commodity has been trending up as dollar becomes weaker.Now the silver has started the wave 5 last wave of the correction to end and its targets are 22.30 and 22.75 after that silver will come down for longterm downrend weekly.

TradeMagic005

The Banknifty index has been leading ahead of Nifty .The flat correction on banknifty will get completed on 4077-41988 level and then the next wave impulse will start for the target of 43700 level as shown in arrow.

TradeMagic005

Nifty has been in quiet complex consolidation from last threeweeks and there is very unpredictable moves happeneing without clear trend.But now this expanding triangle wave 4 correction is getting completed at level 18136-18100.The next move is wave 5 target is 19000 level.

TradeMagic005

The Silver has completed theExpanding eading diagonal as counted five on the hart and the price is in expanding flat double three pattern which is having possible target of 20.30 level lower more corrective levels are possible but less likely then the upside impulsive move will start

TradeMagic005

The banknifty index is showing the same view like nifty pattern wave 4 is in progress now which will end at 41224-41121 price zone that is running flat correction and then wave 5 target is 43000 level

TradeMagic005

The nifty index has been trending upside since june 2022 which is going to end very soon.As shown in the chart right now it is in wave 4 correcion which will end at 17691 currecnt correction is expanded flat and then wave 5 will begin which showig the target of 18690 level very high probability confirming with higher degree resistance

TradeMagic005 Updated 

The stock has been trading in the wave c of Flat ABC correction as shown in the chart and its target is 1141 -1132 of green micro degree.After that wave C of green micro degree will begin for the targte of 1237 level to channel top.

TradeMagic005

This stock has been trading in the downside impulse five wave move as shown in the target, currently it has ended the wave 4 and wave 5 down target is 1435 level.

TradeMagic005

The silver has develped the good upside view as shown in the chart

TradeMagic005

The pair has been trading in correction with dollar index move now the correction will complete around 81-85-95 level zone and the upside move for wave 5 will start target is 83.06 level

TradeMagic005

The Nifty index has been moving in the Double zig zag pattern since last two weeks which will complete its correction in zone of 17587-17634 levels and then the big downside impulse of more than 1000 points will start.

TradeMagic005 Updated 

This my view about banknifty for next two days.The index has been trading in correction from previous two weeks.Tomorrow the flat correction shownin chart will get completed around 39362-39413 price supply zone from there selling will come in market and then the downide target for index is to 38242 level.

TradeMagic005 Updated 

The Stock is showing the very high probability Flat corrective patternwhich will complete around 1173.There is big downside impulse move to the target of 1036 level as shwon in the chart.

TradeMagic005 Updated 

The nifty index has been in the flat three wave pattern consoliation in which second B wave is in progression which will have possible two targets 16750 and 16900 and then wave c to upside as shown in the chart set up.

TradeMagic005 Updated 

The NIFTY Index which has been trending in impulsive move for couple of weeks, which trend is about to terminate now.As it has been forming the Ending Diagonal structure in which wave 4 is in progress now nad the wave 5 targets are 18170 and 18275.After that Nifty should give big bearish move to down a correction of previous trend.

TradeMagic005 Updated 

Hindalco the metal stock has been moving good for last couple of weeks.The stock is in wave 4 flat correction which will end around 410 and then the next wave 5 will start for the target 468 rupees.

TradeMagic005 Updated 

The nifty is in micro degree wave in wave 4 which will complete around 17765 and then wave 5 to downside will start for the target of 17270 level.