P&F charts - update

Date: 25th August 2015

To mark things in diary, Relinfra traded below 300 and saw 281. Rcom went below 50 rather marked low at 45.50 as of now. Yes bank achieved lower count of 625 and marked low at 595. Stoploss for Jain irrigation long triggered. Bank Nifty future witnessed strong trend and saw 16650 after that tight consolidation.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - Relinfra, Rcom

Date: 18th August 2015

Relinfra: 352.60

Relinfra is possible to trade below 300. Stoploss to be placed at 368.

Rcom: 60.25

Rcom may trade below 50. Stoploss to be placed at 63.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F chart - Yes bank

Date: 20th August 2015

LTP: 720.05

Yes bank has broken lower levels after long price consolidation and much attempted upside breakout. 625 looks possible. Stoploss to be placed at 760 on closing basis.

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- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F - Bank Nifty - Trend occurred

Bank Nifty Fut - Trend occurred!!
Date: 20th August 2015


LTP: 18330

Bands opened mouth and trend occurred as expected. P&F  bearish patterns are darling and will remain till the picture turns otherwise.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

Point & Figure - Bank Nifty squeeze

Bank Nifty Fut - Band squeeze!!
Date: 18th August 2015

LTP: 18760

Bank Nifty Future 1 min chart is witnessing flat and very narrow bands squeeze. I expect breakout and strong trend in coming days. P&F basic Patterns will guide and to be followed.

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

Point & Figure - stocks analysis

Date: 10th August 2015

Persistent achieved 717 today. Hind Petro saw 990. HDIL achieved 78. Rpower marked low at 40.30 to achieve 10% cut.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.