Sharechart newsletter vol 1 issue-11
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The document provides an overview of the Point and Figure (P&F) charting technique, which utilizes 'X's and 'O's to represent price movements without involving time or volume. It discusses various indexes, chart patterns, and the rules for constructing these charts, emphasizing that the reversal size determines the change of direction in the columns. Additionally, it states that the newsletter serves as educational material and not as investment advice.
Sharechart newsletter vol 1 issue-11
- 1. 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 Point and Figure chart. This means that each X and 0 is worth 15 points and the reversal required to change columns is 3 boxes or 45 points from the last plotted box.The last price in a rising market (a column of Xs-green colour) is 645, you would place an X in the 645 box.So, in order to change columns and plot a column of Os-red colour, the price must reverse by at least 45 (15 x 3) points from the last plotted box.symmetricaltriangle patterns is occur after a sloping top and sloping bottom respectively. Trend is up so still buying point Continue . TECHNICAL NEWSLETTER R2-2284.55 R1-2274.27 Pivot -2262.02 S1-2251.74 S2-2239.49 R2-5600.39 R1-5581.3 Pivot -5548.35 S1-5529.26 S2-5496.31 Date: 02/18/2016 Click To Subscribe SHARE CHART Vol. 1 Issue 11 R2 -1182.48 R1 -1175.55 Pivot -1161.69 S1 -1154.76 S2 -1140.9 R2-1265.88 R1-1261.71 Pivot- 1253.38 S1-1249.21 S2-1240.88 R2-615.74 R1-613.50 Pivot -609.03 S1-606.79 S2-602.32 Buy Above Rs.800 Target at Rs.990 Stop-at below Rs.750 Characteristics of Point and Figure charts Rules detail below:- 5 6 7 Contact Us: Email: sharechart2015@gmail.com Xs and Os demand and supply. 8 P & F charts are named as their box and reversal size. A column of Xs changes to a column of Os (and vice versa) when the price changes direction by a given number of boxes. This is called the 'reversal size '. 4 Time plays no part in analysis. Volume plays no part in analysis. Xs represent up in price. Os represent down in price. 2 3 The Xs and Os are called 'boxes '. Each X and 0 represents a 'box size '. Kamalpokhari Mob:- 9801140245 The above figure shows a Symmetrical triangle with point and figure chart pattern. Note:This newsletter(sharechart) provides impersonal educational stock trading information . All material presented within is not to be regarded as investment advice, but for general informational purposes only. R2-2284.55 R1-2274.27 Pivot -2262.02 S1-2251.74 S2-2239.49 R2-5600.39 R1-5581.3 Pivot -5548.35 S1-5529.26 S2-5496.31 1 They are usually constructed with Xs and OS instead of lines or bars. R2 -1182.48 R1 -1175.55 Pivot -1161.69 S1 -1154.76 S2 -1140.9 R2-1265.88 R1-1261.71 Pivot- 1253.38 S1-1249.21 S2-1240.88 R2-615.74 R1-613.50 Pivot -609.03 S1-606.79 S2-602.32 Email: sharechart2015@gmail.com Kamalpokhari Mob:- 9801140245