Point and figure chart analysis...!

[linkon7]

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11.31 sl shifted to 5668. swing high of the last X that lead to new range extension+ 2 point filter

5650 was the low of O that lead to the up ward range extension. Now that is broken, fresh profit booking from people carrying longs is expected, adding to the selling pressure. 5626 appears to be a very strong demand zone as price took support there 5 times.

 

[linkon7]

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11.46 : SL shifted to 5656, same reason. Highest X that lead to lower low on O+ filter.

price kept breaking LOD and making new swing low.

 

[linkon7]

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12.40 : price stayed flat and range bound between 5646 and 5636. A pause normally leads to range extension in the direction of prevailing trend. demand below 5436 or supply above 5646, either side has to exhaust and most likely, 5636 will give way.

 

[linkon7]

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1.40 :

price did break 5436 demand and now the new trading range low has shifted to 5618.

 

[linkon7]

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3.30

day ended with 5618 as established low. 5646 remains the swing high that cause a range extension south wards.

for monday...key ref lvl remains 5618 and 5646

 

[praveen taneja]

Bhai itni mehnat aur aap kahte ho GF:lol:

Stocks just need price observation and when you see it is tired of going up and supply start just exit aur vice versa

But that is Tukka style of trading and no AFL for that

Ek baat GF ke afl saare hamari bhateeji aur bhabhi ke naam par:lol:

 

[DanPickUp]

Bhai itni mehnat aur aap kahte ho GF:lol:

Ek baat GF ke afl saare hamari bhateeji aur bhabhi ke naam par:lol:

Hi PT

What doe's it mean in English ?

Is it what you wrote or is there some thing more to recognize ?

DanPickUp

 

[praveen taneja]

Hi PT

What doe's it mean in English ?

Is it what you wrote or is there some thing more to recognize ?

DanPickUp

Bro all these things goes above my head whatever charts etc you guys make and search trade in them so just find light moment in threads of urs linkons etc

Bhai itni mehnat aur aap kahte ho GF

was asking him that so much hard work and he call NF his Girl Friend

Stocks just need price observation and when you see it is tired of going up and supply start just exit aur vice versa

this is simple english

But that is Tukka style of trading and no AFL for that

Was saying here that this is trading with just sixth sense and no one can make AFL for sixth sense:lol:

Ek baat GF ke afl saare hamari bhateeji aur bhabhi ke naam par

He always earlier make afl in name of his Daughter (GOD BLESS HER) now I think Vandana is our sister in law:thumb: (GOD BLESS HER TOO)

Hope all clear

 

[DanPickUp]

Hi PT

Thanks for your answer. Reading and understanding your language gives me the same problem as you may have with P&F reading.

So, this is an other nice prove, that we all can teach each others some thing.

By the way : P&F trading has very much to do with position trading. Why ? You will place your orders in advance by the broker. Many times, this levels are just hit for a second and if you are not placed, you are not filled.

Tc my friend

DanPickUp

 

[linkon7]

Bhai itni mehnat aur aap kahte ho GF:lol:

Stocks just need price observation and when you see it is tired of going up and supply start just exit aur vice versa

But that is Tukka style of trading and no AFL for that

Ek baat GF ke afl saare hamari bhateeji aur bhabhi ke naam par:lol:

Vandana is a pune based trader. One of the best OBR traders i know. Morning bias is almost90% accurate hai uski..!