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Recap:
Daily weakness kept the price soft, but still not cleared 6355!
Weekly Analysis:
Daily Analysis:
Summary:
Weekly pattern : Spread Top BO.
Daily pattern : Rising Bottm, Double top BO buy. BrRL hit.
HPO (D) : -
VPO (D) : 6350
BlSL (D) : 6225-6256
BrRL (D) : 6320-6350
This blog attempts to analyze movement of Nifty through the age-old Point & Figure method. Weekly chart would imply the movement of Nifty for the weeks to come and not necessarily the immediate next week. Same is true for other time frame charts. As price action unfolds every week the charts speak for due course of action. DISCLAIMER: NOTHING IN THIS BLOG SHOULD BE TAKEN AS TRADE ADVICE
Sunday, December 29, 2013
Sunday, December 22, 2013
Nifty P&F (Wk 2312-2712) - Weekly strong, daily weak. Above 6355, strength returns.
Recap:
Look at the chart BlSL 6100-6130 level played as support.
Weekly Analsysis:
Daily Analysis:
Summary:
Weekly pattern : High pole.
Daily pattern : Rising Bottm (yet to confirm)
HPO (D) : -
VPO (D) : -
BlSL (D) : 6160-6190
BlSL (W) : -
Look at the chart BlSL 6100-6130 level played as support.
Weekly Analsysis:
Daily Analysis:
Summary:
Weekly pattern : High pole.
Daily pattern : Rising Bottm (yet to confirm)
HPO (D) : -
VPO (D) : -
BlSL (D) : 6160-6190
BlSL (W) : -
Sunday, December 15, 2013
Nifty P&F (Wk 1612-2112) - Short-term weakness in support zone till 6100
Recap:
As said the bull strength still remains. VPO (D) 6370 was achieved.
Weekly Anlaysis:
Daily Analysis:
Summary:
Weekly pattern : Semi-Catapault.
Daily pattern : High pole.
HPO (D) : Achieved
VPO (D) : Achieved
BlSL (D) : 6100-6130
BlSL (W) : 5745
As said the bull strength still remains. VPO (D) 6370 was achieved.
Weekly Anlaysis:
Daily Analysis:
Summary:
Weekly pattern : Semi-Catapault.
Daily pattern : High pole.
HPO (D) : Achieved
VPO (D) : Achieved
BlSL (D) : 6100-6130
BlSL (W) : 5745
Sunday, December 8, 2013
Nifty P&F (Wk 0912-1312) - Till 6155 current Bull trend in-tact
Recap:
Break-out got stronger by leaps.
Weekly Analysis:
Daily Analysis:
Summary:
Weekly pattern : Semi-Catapault.
Daily pattern : Double Top break-out.
HPO (D) : 6310-6340
VPO (D) : 6370
BlSL (D) : 6155
BlSL (W) : 5745
Break-out got stronger by leaps.
Weekly Analysis:
Daily Analysis:
Summary:
Weekly pattern : Semi-Catapault.
Daily pattern : Double Top break-out.
HPO (D) : 6310-6340
VPO (D) : 6370
BlSL (D) : 6155
BlSL (W) : 5745
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