neostockmatrix

neostockmatrix

Hello, This is a weekly chart of Natural Gas - on MCX. Weekly Macd is above zero line. Holding recent lows, cud trigger a good upside in NG in coming days/weeks. Probable target is around 750. SL for the trade would be around 450/435. CMP - 501. It seems a disaster for european countries is on its way in coming weeks. if this stands true.

neostockmatrix

Hi Currently we are in a very tedious, upmove...from the lows of 17098 made on 17october to 17590 made on 19th october, could be the 1st wave. and then a small fall to .38% - 17468 - could be the 2nd wave. But the 3rd wave was very very interesting due to being complex, due to holidays in between, we had lot of small downs and huge ups (gap ups contributing the...

neostockmatrix

Hi As per the me, the following is the Wave count that needs to be considered. We might have started the correction from 17779 made on 11th April 2022 and concluded recently on 15367 on 23rd June 2022. This could be a big A Wave. As it has 5 Wave inside it, it is a Zig Zag correction. So the B Wave might not break 16850 (61.8% of the whole A Wave). From the...

neostockmatrix

Hello, Its been a roller coaster ride since few days in the market. Both Bears and bulls seems to be trapped one way or the other. As of now lets see where we stand at the Waves count. The Chart posted is self-Explanatory. We might have completed or might complete the 4th wave around 16650 by 3rd June or 6th June. After that we might start with the 5th Wave,...

neostockmatrix

Hi The chart is self explanatory Either 5 waves have completed or might complete tomrow that is by 13 May 2022 around 16650/16680. From the lows we might go upto 16550 (50% of the fall) Dsic : Educational Chart

neostockmatrix

Hi, As per my earlier analysis on Nifty dated 27th April 2022, I had put forth the theory of 1st Wave extension. As of today...it seems Nifty has obliged with all the rules and the correction which started from the top of 18350 on 18th January 2022, has completed on 2nd May 2022 or might complete in coming 2 days. **This view stands negated once Nifty starts...

neostockmatrix Updated 

Hi, This is a daily chart. The chart looks promising, probably the last push from the BajajFinance. Can buy above 7263.50, with a SL of 7096 and target of 8000. The RR is around 1:4. Currently, the Daily MACD is giving a very good buy signal and above todays high it will be a confirmed buy. Also weekly Macd is also giving a buy...so double bonus. RSI is also above...

neostockmatrix Updated 

Hi, This is a daily chart of Berger Paints. It looks good for a short term. It Looks a good buy above 725.50, with a SL of 712.50 and target of 745 and 770. The current TF Macd is strong and is giving a buy. Its above Zero line. Although the weekly MACD is below zero line, but it has given a crossover, so longs can be initiated for short term. Rsi is above 50,...

neostockmatrix

HI Is it a 1st Wave Extension?? Generally they form during the trend change or during the start phase like the IPO or during Triangle Corrections. In 1st Wave extension, the 1st Wave is the Biggest wave and violent too. (714 Points) 2nd Wave does not exceed .38% of 1st Wave (Generally its .23%), but upto .38% is the general rule.(Should not have gone above...

neostockmatrix Updated 

Hi This is a 2 Hour Chart. I have already quoted that this might be a triangle correction.Have given the link for the same. In this triangle correction...Wave 1 and Wave 2 is completed (It has 3 wave structure inside it). Now in this Wave 3....Currently Wave A is going on....which might get completed near 16950 - 16800 range...and then we will have a B Wave which...

neostockmatrix Updated 

Hi. Its a 2 hour Chart, and we can see that, it seems to a Head and Shoulder pattern, with most of the pattern aready completed. Now the Right Shoulder is forming, which should not break the highs of 17442. (If it breaks then the pattern is invalid). Now the High from the Head is 18090 and the lows of the right shoulder is around 16978. Which gives a total points...

neostockmatrix Updated 

Hi The moves from 18350 seems all complicated, which might imply, that we are in a triangle correction. In a Triangle correction, all the waves from Wave A to Wave E have an internal structure of 3 waves. Types of Triangles There are basically three types of triangles. 1. Contracting Triangle 2. Neutral Triangle 3. Expanding Triangle Each type is determined by...

neostockmatrix Updated 

Hi, As per the chart, its seems a good buy above todays buy. Buy can be initiated above 4870.50 and sl of 4517 and target is around recent life time highs of around 5940. RSI has gone above 50 and macd has also given a buy. From last couple of months its being consolidating around lower levels...and seems now it is on the verge of a breakout. Disc : Educational...

neostockmatrix Updated 

Hi, Asian Paints looks good technically and can give returns in coming days. Best buy is above 3175 with SL of 3050 and target are 3450 and 3590. As of now Daily MACD is on the verge of giving a buy. RSI is above 50. Its above monthly Pivot Levels and is ready to scale higher levels in coming days. We can buy it for short Term gains. Disc : For Educational Purpose.

neostockmatrix Updated 

Hi, SBI Life is trading in a Upward channel and above todays high it can go upto recent highs around 1280 in coming days. As of now its a good buy above todays high of 1149 with a SL of 1117 and target of around 1270 - 1290 is a strong resistance. Daily Macd is again giving a buy and Weekly Macd is also giving a buy. RSI is nicely placed above 50 and is showing...

neostockmatrix Updated 

Hi This is a weekly chart, and it seems Biocon has completed its correction on a bigger time frame. It seems a good buy above 385, with SL of 332 as of now, and target of all time high of 487. So the risk reward is around 1 : 2. Weekly TF MACD is showing bullishness and on the verge of giving a good buy. Monthly TF MACD is above zero line and might give a...

neostockmatrix Updated 

HI, Divis Labs looks good for a breakout after a consolidation of many days. Best buy would be above 4550 with a SL of 4349 (as of now) and targets of 4960 and 5100. Daily Macd is showing signs of bullishness and Weekly Macd is giving a breakout for upside moves. Rsi is above 50 and a move above todays high will confirm the bullishness. Stock is trading above...

neostockmatrix Updated 

Hi According to me we are in a negative phase of Nifty. The gap between 17457.40 and 17414.70 - almost 43 points is not yet filled. If the gap remains unfilled, it tells the earlier structure was dominant, in this case the down moves (bear Phase). As of today, we can expect a gap down open, and then the small upmove, probably towards 17350-17375 approx. As per my...