HDFC ( Futures)
Cmp 2465
Box Size: 0.25%
Gave a Follow through Triple Bottom Sell signal at 2485. Open count is 2363
Negation level : 2529 ( closing basis)
More from Abhishek
Nifty Futures Positional Trading Using Point & Figure Charts
Following this system on stocks since 2021 and started on Index in 2022
Based on Richard Dennis's Turtle Trading System and the P&F version was created by @Prashantshah267
Details
Chart Settings
Instrument: Nifty Futures ( Current Month)
Chart : Point & Figure
Box Size: 0.10%
Reversal Box: 3
Data Frequency- 1 Min
P&F Charts don't have concept of time but it has a concept Data Frequency, i.e. duration after which to consider plotting X or O on the chart
Since DF is 1 Min here, so we need to wait for 1 Min closing on P&F Charts for Entry, Exit Signals
The chart is an Intraday Chart & requires Intraday data
Which is available on the Real Time Tradepoint Software & on the Web Version of this software
https://t.co/oAshC7rfD1
-
Let's now Discuss Bullish Entry Pattern
The Entry Pattern is called as a Bullish Follow Through Turtle Buy Pattern
This actually comprises of 2 Parts
1. Bullish Turtle Breakout
2. Bullish Turtle Follow Through
For Entry, #1 must happen and there must be a #2 immediately
First Let's Understand the Bullish Turtle Breakout Pattern
This is a 5 X BO Pattern
If current column of X goes above highest ‘X’ in last 5 columns (including current column), then it is a 5-X Turtle breakout.
Following this system on stocks since 2021 and started on Index in 2022
Based on Richard Dennis's Turtle Trading System and the P&F version was created by @Prashantshah267
Details
Chart Settings
Instrument: Nifty Futures ( Current Month)
Chart : Point & Figure
Box Size: 0.10%
Reversal Box: 3
Data Frequency- 1 Min
P&F Charts don't have concept of time but it has a concept Data Frequency, i.e. duration after which to consider plotting X or O on the chart
Since DF is 1 Min here, so we need to wait for 1 Min closing on P&F Charts for Entry, Exit Signals
The chart is an Intraday Chart & requires Intraday data
Which is available on the Real Time Tradepoint Software & on the Web Version of this software
https://t.co/oAshC7rfD1
-
Let's now Discuss Bullish Entry Pattern
The Entry Pattern is called as a Bullish Follow Through Turtle Buy Pattern
This actually comprises of 2 Parts
1. Bullish Turtle Breakout
2. Bullish Turtle Follow Through
For Entry, #1 must happen and there must be a #2 immediately
First Let's Understand the Bullish Turtle Breakout Pattern
This is a 5 X BO Pattern
If current column of X goes above highest ‘X’ in last 5 columns (including current column), then it is a 5-X Turtle breakout.
More from Hdfc
HDFC Update
2715 📍
In Weekly; next in-line 2850.
In Monthly; Once ATH is taken out, A sight of 3000+ would be caught.
#StockMarket #StocksInFocus #HDFC https://t.co/VpM9Yvbq7l
2715 📍
In Weekly; next in-line 2850.
In Monthly; Once ATH is taken out, A sight of 3000+ would be caught.
#StockMarket #StocksInFocus #HDFC https://t.co/VpM9Yvbq7l
#HDFC Daily and Weekly TF's
— Gurleen (@GurleenKaur_19) August 3, 2021
Broken past the descending trendline; A follow-up beyond '2558' would bring in 2630 initially followed by 2850.
In Monthly; Once ATH is taken out, A sight of 3000+ would be caught.
[Will open position above 2558]#StockMarket #StocksToWatch pic.twitter.com/jRukw5Yh6d