P&F charts this week

Date: 17th May 2015

Figure 1: Yes bank (849.55)

Quiet a tight range. Looking for a directional move. A positive close from here will strengthen the shown counts. Stop for longs should be at 821. It is also the level to trade short with stop at 849.

Figure 2 : Adani ent (738.70)
Breakout negating down side counts & High pole. Higher counts are active. Should trade long unless close occurs below 706.

 

Fig 1: Yes bank 0.25% x 3 cl Point & Figure chart



Fig 2: Adani ent 0.25% x 3 cl Point & Figure chart

 

- Prashant Shah