Thursday, April 28, 2011

Nifty Point & Figure (PnF) Analysis - Week 0205 - 060511

As I won't be available from tomorrow onwards for sometime, I'm blogging today with one more day to spare to the week. I'm changing my professional career. Getting from a relatively slower pace to a very fast one, perhaps. I don't know how much I'll be able to dedicate time to my lovely blog and my passion "Nifty"; and of-course to my continuous learning "to trade".

My apology if I can't blog every week. However, I shall try my best to do so. A few points to remember only for traders who follow P&F:
  • Intra-day is not for us. Even not with the hourly charts.
  • Trade the weekly trend.
  • Get support from daily chart.
  • Look for reverse trend in hourly chart to initiate the trade.
If we do so, there won't be more than 2-3 trades in a month. I believe 14-15 successful trades in a year is good enough than 100 success & 100 failures.

Weekly Analysis:


Daily Analysis:


Hourly Analysis:



Summary:

Weekly, Daily & Hourly on support line. Break of each will signify gradual weakness. 5700 once again would be decider.
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8 comments:

  1. AAR VEEApril 28, 2011 at 11:27 PM

    Hi Rajib,

    All the Best for ur new assignment.
    Surely ur weekly updates will be missed.
    Do keep posted when u get time.

    Regards

    ReplyDelete
  2. jonakApril 29, 2011 at 12:16 AM

    Hey Rajib...u r one of the best analyst....Please dont STOP ur weekly updates....n i will be tryin to learn pnf.....what softare do u use for the analysis??

    ReplyDelete
  3. alphabet1April 29, 2011 at 7:22 AM

    Hi Rajib,
    All the best.

    ReplyDelete
  4. RajibApril 29, 2011 at 8:58 AM

    @ AAR VEE & alphabet1,

    Thanks a lot. I shall try my best and I will definitely miss the community.

    @jonak,

    thanks a lot for the compliment :).
    I shall try my best to keep posting. PnF is very easy compared to other methods. I have developed an excel application to create P&F charts. You can download it from the "DOWNLOAD LINK" at the right hand side of the page.

    Regards,
    Rajib

    ReplyDelete
  5. sivaApril 29, 2011 at 5:12 PM

    Rajib bhai,

    I though your P & F analysis was great all these months. I gained a lot of knowledge with your blog. I felt sad when i logged in today coz you are stoping. Please answer one query

    Dear friend your Download link has an excel file.We can download data on Weekly & Daily basis. But what about Hourly basis. Is there any way i can get hourly data so that i can plot a hourly chart in p&F in the sheet i downloaded from this site

    ReplyDelete
  6. sivaApril 29, 2011 at 5:23 PM

    Dear Rajib,

    Your analysis & efforts are worthy. You seem to be very young compared to many analysists & chartists. How did Point & Figure charts interest you. I dont like you leaving the blog.

    Please give your email id. I am interested in Hourly analysis based on P& F like youl.Dada please send inform how to get Hourly data in xls
    Pls show a way to get the data

    ReplyDelete
  7. Aditi EkboteMay 2, 2011 at 2:54 PM

    Hello Rajib Sir,
    I am a silent follower to your excellent blog. Please do keep posting.

    Also, the download link not working... file removed. Pl. check.

    ReplyDelete
  8. mo hMay 8, 2011 at 2:08 PM

    Hi Rajib :D
    Best wishes on the new career path ...
    Knowing your humble calm approach you would do well, friend!

    But its a loss to us,
    I am coming here on a mini break,
    and you have got busy ...
    We will miss your fabulous PnF, analysis,
    interpretation, as well the beautiful, unique charting style.

    Have a great time, and when get a break, do post as much as possible.
    With best regards
    moh.

    ReplyDelete

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