Friday, March 4, 2011

Nifty Point & Figure (PnF) Analysis - Week 100307 - 0311

Weekly Analysis:


Daily Analysis:


Hourly Analysis:


Summary:

Daily & Hourly suspicious premature reversal. Weekly yet to confirm. UP side resistance 5670. DOWN side supports 5345 - 5375.
Notice the long-term view in the weekly chart. If we do not get past 5700, the target price objective is 4500 level. Now don't expect a time line from P&F chartists. :)

4 comments:

  1. Thank you yet again.

    ReplyDelete
  2. @ Anonymous,

    Welcome. I would love to get your name though ...

    ReplyDelete
  3. Thank you very much friend kindly update Bank nifty also.

    ReplyDelete
  4. @ Rajkumar,

    Welcome.

    Unfortunately banknifty data is not available with me (and Yahoo). In case you know any free source I shall try to put. Else you too can download the Excel file and do the analysis.

    ReplyDelete