Saturday, August 20, 2011

Nifty Point & Figure (PnF) Analysis - Week 2208 - 260811

Recap:

Past 5050 now at 4800!

Weekly Analysis:


Daily Analysis:


Summary:

The long-term BlSL from 2200 level of Dec'08 has been broken marginally. Another 160-200 points fall and PnF officially will announce a BEAR year!

Short-term support near 4710 level. A med-term (VPO) target 4500!
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2 comments:

  1. AAR VEEAugust 20, 2011 at 7:00 PM

    Look what one week of absence does :))

    Check my long term analysis - EW points to 4530 below 4800( may take some time though). P&F is of great help for cutting off noise. Do present ur views every week.

    Regards

    ReplyDelete
  2. RajibAugust 24, 2011 at 11:36 PM

    Right it does a lot!

    Yes that's why I like P&F! A dumb like me can not ask for more than that :).

    I'll try my best to put my weekly views, but u know it's getting difficult day by day. It's the passion that has glued me in.

    ReplyDelete

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