Saturday, November 27, 2010

Nifty Point & Figure (PnF) Analysis - Week 201129 - 1203

Weekly Chart:

Daily Chart:

Hourly Chart:


All three DOWN. Weekly target intact 5500. Daily & Hourly strong resistance 5940.


  1. Hi Rajib,
    I started looking into PnF materials.
    Its a very interesting concept.
    So, the continuous fall in 'o' in Weekly is doublebottom breakdown & Daily is doublebrkdown of doublebottom [the term is staked doubletop ??].
    Hourly is forming the Triangle.
    Well , i made a start i guess :)
    Have a nice weekend!

  2. Hi Mok,

    Welcome to PnF also ... I scare now you will make it complicated ... :P

    As I have observed, in PnF double bottom works in higher time frame (Month or week), in hour and daily, it's mostly the channel bottom and top that works the best. You get no better channel in any charting method except in PnF. And I don't subscribe to the 45 degree line concept except for a very macro view.

    Thanks for stopping by ... :)


  3. hi,

    Thanks for such a wonderful blog about pnf hard to find online such good analysis of indian markets.

    would you be kind to tell me wht charts are u using for pnf?