Saturday, July 20, 2013

Nifty P&F (Wk 2207-2607) - resistance 6100 / 6180, support 5940

Recap:


Weekly Analysis:

Daily Analysis:

Summary:

Weekly & Daily Up. While Daily has started showing weakness, Weekly chart is quite strong with momentum. One needs to be cautious still the BlSL @5935 is broken through confidently. The resistance as remains the same 6100 >> 6180.
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3 comments:

  1. Kiran July 26, 2013 at 4:22 PM

    Hi I just started to learn and leverage P&F charts and found usefull to see the Excel tool. Thanks for the same. I am seeing you have added trend lines in the chart but is not allowing me to do the same in the tool..Am i missing somethings here

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  2. RajibJuly 26, 2013 at 5:13 PM

    @Kiran,

    P&F is a real good technique of disciplied trading. Welcome!

    You can do it by copying to paint / word.

    Regards,
    Rajib

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    Replies
    1. Kiran August 5, 2013 at 11:24 AM

      Thanks Rajib. Some of my recent gains have been using these chart and have surprised some of my peer traders who use sophisticated charts /Tips. I have been using FCharts software and this Excel has been usefull for referance @ office...

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