Magic Software MGIC has been rallying since November 2024, and the move has only strengthened in recent months. In this article, we break down what triggered the rally under the lens of the Adhishthana Principles and how the stock is positioned now that it has entered Phase 10 on the weekly chart. Magic Software's Cakra Move and Breakout What Lies Ahead? On August 11, Magic Software officially entered Phase 10 on the weekly charts. This phase is often where the peak of the Himalayan Formation begins to take ...