sharechart Technical Newsletter vol-2 issue-42
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Nirdhan Utthan Bank Ltd (NUBL) offers a holiday workshop and a technical special course for stock trading on the Nepal Stock Exchange (NEPSE), along with a subscription-based SMS service. The document explains the construction of a point and figure chart, emphasizing the significance of price reversals and patterns like triple bottoms in trading analysis. It serves as an educational resource, not as investment advice, providing contact information for further inquiries.
sharechart Technical Newsletter vol-2 issue-42
- 1. NIRDHAN UTTHAN BAK LTD (NUBL) DESCRIPTION ( 3-box method) Holiday Workshop Special Course Newsletter Trading Room SMS Service SHARE CHART Vol. 2 Issue 42 1. Holiday Workshop Every Holiday 10:00 AM to 5:00 PM 2.Technical Special Course on NEPSE Morning & Evening 3. Subscribe to members only As before,the chart construct is called a 50 x 3 Point and Figure chart. This means that each X and 0 is worth 50 points and the reversal required to change columns is 3 boxes or 150 points from the last plotted box.The last price in a rising market (a column of Xs-green colour) is 2079, you would place an X in the 2079 box.So, in order to change columns and plot a column of Os-red colour, the price must reverse by at least 150 (50 x 3) points from the last plotted box.Triple bottom patterns is occur after a sloping down and support level respectively. TECHNICAL NEWSLETTER 4.Discover WHEN, WHAT, WHERE, HOW, to Invest 11:00PM -3:00PM 5.NEPSE SMS Service Date: 09/14/2016 Click To Subscribe Buy Above Rs.2260 Target at Rs.2550 Stop-at below Rs.2000 Characteristics of triple bottom Point and Figure chart Rules detail below:- 5 6 7 Contact Us: Email: sharechart2015@gmail.com 1. Holiday Workshop Every Holiday 10:00 AM to 5:00 PM 2.Technical Special Course on NEPSE Morning & Evening 3. Subscribe to members only The above figure shows a triple bottom point and figure chart pattern. Note:This newsletter(sharechart) provides impersonal educational stock trading information . All materials presented within is not to be regarded as investment advice, but for general informational purposes only. 4.Discover WHEN, WHAT, WHERE, HOW, to Invest 11:00PM -3:00PM 5.NEPSE SMS Service 1 They are usually constructed with Xs and OS instead of lines or bars. 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 '. Tengal,Raktakali,Kathmandu Mob:- 9801140245 Xs and Os demand and supply. 8 Using high and low method 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. Email: sharechart2015@gmail.com Tengal,Raktakali,Kathmandu Mob:- 9801140245
- 2. NEW FA & TA SOFTWARE SHARE CHART INFORMATION CORNER Click To Subscribe Vol. 2 Issue 42 Date: 09/14/2016 NEW CLASSES Contact Us: Email: sharechart2015@gmail.com Tengal,Raktakali,Kathmandu Mob:- 9801140245 Email: sharechart2015@gmail.com
- 3. OVERVIEW OF NIRDHAN UTTHAN BANK LTD(NUBL) SHARE CHART INFORMATION CORNER Click To Subscribe Vol. 2 Issue 42 Date: 09/14/2016 Contact Us: Email: sharechart2015@gmail.com Tengal,Raktakali,Kathmandu Mob:- 9801140245 Email: sharechart2015@gmail.com