Tracking Shares Through Point and Figure Charting

Hi all,

I' m new to TJ and have recently been going through the Technical Analysis forum and it's threads.

The one thing I noticed was there was not much information on Pnf charting or sharing of scrips through PnF analysis.

Hence I thought of starting this thread, so that like-minded people could join and share their analysis of various scrips or share their views and tips about PnF charting.

Everyday I would share scrips which are bullish or on an uptrend as per the PnF chart.

Thanks and Regards,
SK

PAPERPROD (Paper Products):
- See attached PnF chart .
- Good support at 56 levels
- Hit Buy signal (Triple Top) @ 66
- Target (Vertical) @ 85 (46 + (13 * 3 * 1)

Dear Saif.Welcome to TJ.

Thanks Arjit.....

Dear Saif please disclose your full stratagies if any

Hi mrnakar,

Thanks for asking this.
I'm assuming you know about PnF charting.

My strategy is quite simple.
1) I look at shares which have hit a 'Triple Top' (see chart) in the last week or so.
2) I also look if the share has made a reversal i.e. a column of 'O' after the triple top.
3) Then I wait for the price to reverse i.e. a column of 'X'.
4) Once the reversal has happened or is going to happen in the next trade I buy the stock, with an aim of selling the share when it hits a 'Bullish Catapult' or later.
5) I also keep a stop loss of 7%.

Hope this helps.

Thanks and Regards,
SK

Hi all,

PnF analysis for Escorts:

- See attached PnF chart .
- Hit Triple Top @ 130
- Bullish catapult target @ 134
- Buy at current levels with a stop loss @ 121

Thanks and Regards,
SK

What is the target of escorts.
Some broker house have given sell call for escorts, why?

Hi scplindia,
Thanks for asking your question.

The target of ESCORT is 155, which it achieved on 13th Jan '10.
And sorry I have not researched as to why they have given a sell call.

Let me reiterate that I go by the PnF charts and don't read much into what the brokers have to say.

Hope this is fine.

Thanks and Regards,
SK

VOLTAS:
- Sorry could not attach the PnF chart, as exceeded 100kb of total images. Does anyone have a workaround for this?
- Hit Triple Top (Buy Signal) @ 185
- Next Target @ 190 (Bullish Catapult)
- Target (Vertical) @ 190 (130 + (10 * 3 * 2))
- Reversal has happened today @ 165, currently trading around 165
- Buy at current levels with a stop loss of 7%