Sunday, December 29, 2013

Nifty P&F (Wk 3012-0301) - Reasonably bullish, above 6355, strength returns.

Happy New Year 2014. Wish you a very Prosperous & Profitable year ahead!
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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
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2 comments:

  1. UnknownJanuary 4, 2014 at 12:35 PM

    SIR, PLEASE TELL ME WHAT IS THE MEANING OF HPO, VPO, BLSL BRRL

    ReplyDelete
  2. RajibJanuary 5, 2014 at 10:23 AM

    @miral thakore,

    welcome to Point & Figure. If you read through my My P&F Knowledge Share Centre in this blog, you will know about these terminologies.

    VPO - Vertical Price Objective
    HPO - Horizontal Price Objective
    BlSL - Bullish Support Line
    BrRL - Bearish Resitance Line
    BlRL - Bllish Resistance Lines
    BrSL - Bearish Support Line

    Regards,
    Rajib

    ReplyDelete

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