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, May 25, 2014
Nifty P&F (Wk 2605-3005) - VPO on weekly chart set at 8250, short-term resistance at 7450!
VPO on weekly chart 8250. Daily chart getting resistance at BrRL @ 7450, breaking it up will resume the movement.