Magic Chart Lesson

Dear Friend,

Here is a lesson to learn use of Magic chart.

ICICI Bank's Friday's close is 908.
Now to apply this chart find out nearest figure to 908 .
Which is 896 . 896 < 908 so 896 is support.
896 in 64's column it's previous column is 32.

896 +32 = 928 is first (weak resistence ) and 960 is strong resistance.

So if ICICI BANK remains and trade above 896 it will go upto 928 and cross over will take upto 960.

now for down side.
896 -32 = 864.

If it trades below 896 and remains below it. It will go down upto 864 and below it 832.

I hope this will help you understand magic chart. Now take one of your scrip and apply this same.

Best luck and take advantage of it.

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