sharechart newsletter vol 1 issue-11
TRANSCRIPT
Rural Microfinance Development Centre Ltd (RMDC) DESCRIPTION ( 3-box method)
Banking Index Development Index Finance Index Hydropower Index Insurance Index
As before,the chart construct is called a l5 x 3 Pointand Figure chart. This means that each X and 0 isworth 15 points and the reversal required tochange columns is 3 boxes or 45 points from thelast plotted box.The last price in a rising market (acolumn of Xs-green colour) is 645, you would placean X in the 645 box.So, in order to change columnsand plot a column of Os-red colour, the price mustreverse by at least 45(15 x 3) points from the last plottedbox.symmetricaltriangle patterns is occur after asloping top and sloping bottom respectively.
Trend is up so still buying point Continue .
TECHNICAL NEWSLETTER
R2-2284.55R1-2274.27Pivot -2262.02S1-2251.74S2-2239.49
R2-5600.39R1-5581.3Pivot -5548.35S1-5529.26S2-5496.31
Date: 02/18/2016Click To Subscribe
SHARE CHART
Vol. 1 Issue 11
R2 -1182.48R1 -1175.55Pivot -1161.69S1 -1154.76S2 -1140.9
R2-1265.88R1-1261.71Pivot- 1253.38S1-1249.21S2-1240.88
R2-615.74R1-613.50Pivot -609.03S1-606.79S2-602.32
Current Sub-Index1178.5
Current Index2179.06
Buy Above Rs.800Target at Rs.990Stop-at below Rs.750
Sell below Rs.570Target at Rs.549-530-500Stop-at aboveRs.600
Characteristics of Point and Figure charts Rules detail below:-
567
Contact Us:
Email: [email protected]
Xs and Os demand and supply.
8P & F charts are named as theirbox and reversal size.
A column of Xs changes to acolumn of Os (and vice versa)when the price changesdirection by a given number ofboxes. This is called the 'reversalsize '.
4
Time plays no part in analysis.Volume plays no part in analysis.
Xs represent up in price.Os represent down in price.
2
3The Xs and Os are called 'boxes '.Each X and 0 represents a 'boxsize '.
Kamalpokhari Mob:- 9801140245
The above figure shows a Symmetrical triangle with point and figure chart pattern .Note:This newsletter(sharechart) provides impersonal educational stock tradinginformation . All material presented within is not to be regarded as investment advice,but for general informational purposes only.
R2-2284.55R1-2274.27Pivot -2262.02S1-2251.74S2-2239.49
R2-5600.39R1-5581.3Pivot -5548.35S1-5529.26S2-5496.31
1 They are usually constructed withXs and OS instead of lines or bars.
R2 -1182.48R1 -1175.55Pivot -1161.69S1 -1154.76S2 -1140.9
R2-1265.88R1-1261.71Pivot- 1253.38S1-1249.21S2-1240.88
R2-615.74R1-613.50Pivot -609.03S1-606.79S2-602.32
Current Sub-Index1178.5
Current Index2179.06
Sell below Rs.570Target at Rs.549-530-500Stop-at aboveRs.600
Email: [email protected] Mob:- 9801140245