neostockmatrix

neostockmatrix Updated 

Hi As per the Chart and its prediction, we can Buy at cmp of 40806 with SL of yesterdays low of 38540 and taraget could be big, with first target of 47000 and then 51000. As of now RSI has gone above 40 and macd is turning bullish. We might have a glorious rally in coming weeks. The risk reward is around 1 : 3 and more. Else if in intra trades...buy the dips is...

neostockmatrix Updated 

Hello, Nifty might be following the elliott wave pattern. From the chart, we can see the 1st wave is made of 336 points downmove and 2nd wave was just around 38%, 191 points of upmove. And after that, we have this big 3rd wave, with a gapdown opening today (18th March 2022), this selling might get over near 17060 or 17000 or 16960. (But my view is it might get...

neostockmatrix Updated 

Hi From the chart and the MACD we can see that... 1 Hour Macd is on the verge of breakdown and also as of now , we are near resistance... So there is high chance of getting a sell. Even the 15 mins chart is showing a sell. We can safely keep a small SL and wait for the target near Pivot.

neostockmatrix

Hi, This chart with help from Macd , one is 15 mins Macd and the other is 1 Hour Macd. 1 Hour Macd is above Zero line & hence we will look out for Buy only. Currently the price is above Pivot Level. And the 15 mins chart will give a clue along with EMA when to go Long.